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New Listings Spiked Across Major Canadian Markets in February 2022

Location
Vancouver, Toronto, Calgary
Publish Date
2022/03/22

Reports show a spike in new listings MoM in Feb. 2022, while Canadians are still facing limited supply, meaning prices are still rising.Increases were greatest in the Fraser Valley, Toronto, and Vancouver, ↑ the already high prices seen in January 2022. In Toronto, resales ↑ 5.9% MoM, making it the second-busiest for the month on record, behind Feb. 2021.The Toronto area’s sky-high price points and strong presence of investors make the market sensitive to rising interest rates. In Montreal, though new listings ↑ in Feb., the number of resales ↓ MoM, suggesting some buyer fatigue, with prices still going up. Vancouver's listings ↑ 12% MoM, with the number of resales ↓ 6%, indicating a more balanced demand-supply condition.

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Canada, Ottawa, Vancouver Island