It's been a couple weeks since I posted week ending stats (to be exact, October 27 was the last). Based on MLS.ca, here is what I've seen since then.
- There are 56 fewer SFH listed. The largest drop in listings is in the $400k to $500k price range (a drop of 22 listings - from 176 to 154)
- There are 20 more condos listed.
- There are 14 more townhomes listed.
Comparing the number of SFH listings this year to last year, even with the decreasing numbers, they don't appear to be dropping as fast. In fact, in the $500k to $600k range, the number of SFH listings has been flat since early August. However, last year on this weekend, there were 1073 SFH listed. Today, 884 listed. The market for SFH under $500k is still very tight.
On a side note, WOW!, unanimous decision on the CMHC. Mohican has started a new blog discussing dissolving the CMHC. Check it out.