The Numbers

October 2022 Real Estate Market Statistics

Average
Sale Price

Home pricing holds firm through September. Encouraging to see some downward trends on all three sectors stabilize a bit heading into the winter months. BOC raised rates again and with the normal seasonal slow down of winter it would be fair to anticipate pricing to decrease further in November as well as deal volume.

Single Family

$462,858

Condominium

$224,252

Duplex

$372,027

Average
Days on Market

Days on market are starting to climb. Decreased demand has lead to an abundance of inventory so homes are taking a little longer to get sold signs up.

Single Family

44 Days

Condominium

55 Days

Duplex

48 Days

Highest Sale

A gorgeous Parkview infill takes home the distinction of highest sale while a luxury apartment in MacTaggart represents the highest sale.

Single Family

$2,146,250

Condominium

$840,200

Duplex

$783,000

Total Listings
& Sales

Seasonal slow down is to be expected heading into November. These numbers will continue to fall (albeit less pronounced) as we progress. This will invariably open up increased exposure for homes that choose to stay on the market.

Total Listings

2,650

Total Sales

1,469

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