Sales eased 16.9 per cent from a year earlier
The Index
Edition · June 2025. Data · May 2025. Every change is year over year unless the row says otherwise.
The benchmark eased 2.5% from a year earlier to $589,900.
The city
- Sales · 2,568 ▼ 16.9%
- New listings · 4,842 ▲ 11.6%
- Inventory · 6,740 ▲ 97.5%
- Sales to new listings · 53.0%
- Months of supply · 2.62
- Days on market · 32
- Sales to list price · 98.6%
- Benchmark price, total residential · $589,900 ▼ 2.5%
Sales eased 16.9% from a year earlier to 2,568. New listings added 11.6% from a year earlier to 4,842, a sales to new listings ratio of 53.0%. Inventory added 97.5% from a year earlier to 6,740 units and months of supply reached 2.62. The sales to list price ratio reached 98.6% and days on market lengthened to 32 from 19 a year earlier.
By property type
| Type | Benchmark | Year over year | Month over month | Months of supply | Sales | New listings |
|---|---|---|---|---|---|---|
| Detached | $769,400 | ▲ 1.0% | 0.0% | 2.35 | 1,275 | 2,419 |
| Semi-detached | $697,300 | ▲ 2.9% | ▲ 0.8% | 2.12 | 256 | 428 |
| Row | $453,600 | ▼ 1.9% | ▼ 0.8% | 2.44 | 458 | 764 |
| Apartment | $335,300 | ▼ 1.5% | ▼ 0.2% | 3.60 | 579 | 1,231 |
The detached benchmark rose 1.0% from a year earlier to $769,400 and the semi-detached benchmark rose 2.9% to $697,300. The row benchmark eased 1.9% from a year earlier to $453,600 and the apartment benchmark eased 1.5% to $335,300. Apartment recorded 3.60 months of supply and detached recorded 2.35. From April, the apartment benchmark eased 0.2% and the detached benchmark was unchanged.
By district, detached
| District | Benchmark | Year over year | Months of supply |
|---|---|---|---|
| West | $1,009,000 | ▲ 3.7% | 2.13 |
| City Centre | $993,500 | ▲ 2.8% | 2.43 |
| North West | $811,400 | ▲ 0.8% | 1.64 |
| South | $741,600 | ▲ 1.0% | 1.92 |
| South East | $727,600 | ▼ 0.1% | 2.02 |
| North | $682,900 | ▼ 0.6% | 3.11 |
| North East | $593,400 | ▼ 2.7% | 3.91 |
| East | $525,200 | ▼ 0.9% | 2.50 |
The West detached benchmark rose 3.7% from a year earlier to $1,009,000, and the City Centre detached benchmark rose 2.8% to $993,500. The East detached benchmark eased 0.9% from a year earlier to $525,200, and detached months of supply reached 1.64 in the North West against 3.91 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 · MAY 2025 data
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