Overview

• Toronto reported 5,765 seasonally adjusted sales in September, up 2% from August but 27% below the 10-year average, with the home price index at $971,500, down 0.5% month over month and 5.6% year over year.
• Active listings in the Toronto region rose 7% from August and 19% from a year earlier, giving buyers leverage as condo values fell 8% year over year, with steeper declines in some suburbs.
• Greater Vancouver logged 1,875 sales, up 1.2% year over year yet 20.1% below the 10-year seasonal norm, while total listings climbed 14.4% to 17,079 and the benchmark price slipped 3.2% to $1,142,100.
• Calgary’s inventory reached 6,916 units, up 36% year over year as 3,782 new listings outpaced 1,720 sales, pushing months of supply to four and pulling the benchmark price down 4% to $572,800, with apartments off about 6%.
• RBC flagged a regional split with Ontario and B.C. facing decade-high inventories that favour buyers, while Re/Max expects Edmonton to remain comparatively stronger this year with a forecast 6% rise in average price despite slightly lower resales.