Insufficient housing supply boosted home prices again in August

Vancouver, Toronto, Calgary

2021/09/30

On a national basis, August inventory ↓ MoM to 2.2-mo from 2.3-mo, indicating a strong seller’s market. The actual number of transactions ↓ 14% YoY in August, the second-best month of August in history. Newly listed homes ↑ 1.2% MoM in August, but varied between markets. With sales and new listings relatively unchanged in August, the ratio remained a tight 72.4%; the avg national ratio is 54.7%.