Market Watch September 2021

MARKET HIGHLIGHTS

  • Resale Volume

    Home sales saw an increase of two per cent compared to last month, and a decrease of nearly 30 per cent compared to September 2020.

  • Volume Growth

    The number of new listings in September was up 14 per cent since last month, and down 26 per cent since last year.

  • Population Growth

    Mass vaccination, the steady reopening of society and the economy, and the increase in migration and international immigration will lead to growing demand for housing into late 2021 and early 2022.

  • MLS® Home Price Index

    The MLS® Home Price Index was up 0.9% compared to last month, and 21.3% compared to last year; the national average sale price saw a 13.3% gain year-over-year

    *Includes all property types

    Sources: The Canadian Real Estate Association (CREA), REALTORS Association of Hamilton-Burlington (RAHB), Toronto Regional Real Estate Board (TRREB)

Market Activity - September 2021