Major Cities Report

Calgary 
Prices in Calgary have remained constant but the rate of turnover has fallen slightly this past month — sales were about 18 per cent lower compared to this time last year. The new listings in part played a role in keeping prices steady. 

The average home sold for $502k this past month and there have been 3,240 new listings since this time last month while 874 homes have sold. Homes are spending an average of 38 days on the market before being sold. 

Edmonton 
Unlike many other Canadian cities, both unit sales and average prices have risen in Edmonton in time for the spring market especially compared to January.

The average home sold for $372K this past month compared to $292K this time last year. There has been an influx of 2,414 new listings in the past month and 541 homes sold. There is currently a 97 per cent selling to listing price ratio. 

Toronto 
Growth has continued to pick up as we move into the spring market and selling prices are expected to follow suit soon. 

More than 4,400 homes have been listed in the past month on the Toronto market and a whopping 2,531 sold in that same time period. Homes are spending an average of 17 days on the market, far below the average in other cities like Vancouver or Calgary. The average home is being sold for $850K.  

Vancouver
Home buyers were less active than usual last month and home sales dipped to a historic low in February, compared to previous years — there was a nine per cent decrease compared to February 2017. 

The average home sold for $1.2 million this past month and there have been 1,350 new listings since this time last month while 612 homes have sold.