“The bulk of the downward adjustment to sales reacting to the sharp rise in borrowing costs may be in the rearview mirror,” says Shaun Cathcart, CREA’s Senior Economist, as home sales were up 1.3% on a month-over-month basis in December 2022.
Download CREA’s December snapshot for year-over-year market insights.
New Listings in Ontario Decrease 9.5%
New listings were down 9.5% across Ontario, with 9,501 new listings added in December 2022, compared to 10,494 in December 2021.
Download CREA’s Ontario snapshot for local housing market stats to help your clients along their homeownership journey.
To view monthly housing market stats for your region, go to CREA Stats and select your board or association.