Sales Down Across All Major Market Segments. A Slightly More Balanced Market and Moderating Price Growth.
- The number of sales reported in March 2022 declined 30% compared to the record number of sales in March 2021.
- While sales were down across all major market segments, condominium apartment sales declined by a much lesser annual rate. Homes sold in March 2022 shifted in favour of condominium apartments - which generally sell for a lower average price than other home types.
- In the first quarter of 2022, the market experienced more balance than last year. If this trend continues, it is possible that the pace of price growth could moderate moving into the remainder of 2022.
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March 2022 vs. March 2021
March 2022 vs. February 2022
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