Inventory added 102.4 per cent from a year earlier
The Index
Edition · April 2025. Data · March 2025. Every change is year over year unless the row says otherwise.
Sales eased 18.8% from a year earlier to 2,159.
The city
- Sales · 2,159 ▼ 18.8%
- New listings · 4,019 ▲ 26.7%
- Inventory · 5,154 ▲ 102.4%
- Sales to new listings · 53.7%
- Months of supply · 2.39
- Days on market · 29
- Sales to list price · 99.1%
- Benchmark price, total residential · $592,500 ▲ 0.1%
New listings added 26.7% from a year earlier to 4,019, a sales to new listings ratio of 53.7%. Inventory added 102.4% from a year earlier to 5,154 units and months of supply reached 2.39. The sales to list price ratio reached 99.1%. Days on market lengthened to 29 from 20 a year earlier.
By property type
| Type | Benchmark | Year over year | Month over month | Months of supply | Sales | New listings |
|---|---|---|---|---|---|---|
| Detached | $769,800 | ▲ 4.1% | ▲ 1.2% | 2.13 | 1,035 | 1,895 |
| Semi-detached | $691,900 | ▲ 5.1% | ▲ 1.2% | 2.24 | 184 | 335 |
| Row | $454,000 | ▲ 2.1% | ▲ 1.6% | 2.07 | 400 | 697 |
| Apartment | $336,100 | ▲ 2.6% | ▲ 0.6% | 3.17 | 540 | 1,092 |
The detached benchmark rose 4.1% from a year earlier to $769,800 and the semi-detached benchmark rose 5.1% to $691,900. The row benchmark rose 2.1% from a year earlier to $454,000 and the apartment benchmark rose 2.6% to $336,100. Apartment recorded 3.17 months of supply and detached recorded 2.13. From February, the detached benchmark rose 1.2% and the apartment benchmark rose 0.6%.
By district, detached
| District | Benchmark | Year over year | Months of supply |
|---|---|---|---|
| West | $992,200 | ▲ 5.4% | 1.72 |
| City Centre | $983,400 | ▲ 5.7% | 2.78 |
| North West | $809,200 | ▲ 4.5% | 1.57 |
| South | $742,900 | ▲ 4.5% | 1.72 |
| South East | $733,400 | ▲ 3.8% | 1.91 |
| North | $694,600 | ▲ 2.8% | 1.99 |
| North East | $607,900 | ▲ 1.8% | 3.56 |
| East | $521,700 | ▲ 0.8% | 3.29 |
The West detached benchmark rose 5.4% from a year earlier to $992,200, and the City Centre detached benchmark rose 5.7% to $983,400. The East detached benchmark rose 0.8% from a year earlier to $521,700, and detached months of supply reached 1.57 in the North West against 3.56 in the North East.
The benchmark home
The benchmark detached home for the city recorded 1,410 square feet above ground on a 4,897 square foot lot, built in 1992. It recorded three bedrooms above ground with two full bathrooms and one half bathroom. In the City Centre the benchmark detached home recorded 1,257 square feet above ground on a 5,252 square foot lot, built in 1952.
Source · CREB · MLS® Home Price Index · MARCH 2025 data
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