The Canadian Real Estate Association News Release · 2018. 11. 15. · The trademarks MLS ®,...

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. 1

Statistics1 released today by the Canadian Real Estate Association (CREA) show national home sales declined between September and October 2018.

Highlights: • National home sales fell 1.6% from September to October.• Actual (not seasonally adjusted) activity was down by 3.7% from one year ago. • The number of newly listed homes eased 1.1% from September to October.• The MLS® Home Price Index (HPI) was up 2.3% year-over-year (y-o-y) in October.• The national average sale price slipped by 1.5% y-o-y in October.

Home sales via Canadian MLS® Systems edged back by 1.6% in October 2018. While activity is still stronger compared to the first half of 2018, it remains below monthly levels recorded from early 2014 through 2017. (Chart A)

Transactions declined in more than half of all local markets, led by Hamilton-Burlington, Montreal and Edmonton. Although activity did improve modestly in many markets, it was offset by a decline in sales elsewhere by a factor of two.

Actual (not seasonally adjusted) activity was down 3.7% compared to October 2017 and in line with the 10-year average for the month. While sales were down y-o-y in slightly more than half of all local markets in October, lower sales in Greater Vancouver and the Fraser Valley more than offset the rise in sales in the Greater Toronto Area (GTA) and Montreal by a wide margin.

“This year’s new mortgage stress-test has lowered how much mortgage home buyers can qualify for across Canada, but its effect on sales has varied somewhat depending on location, housing type and price range,” said CREA President Barb Sukkau. “All real estate is local. A professional REALTOR® is your best source for information and guidance in negotiating a purchase or sale of a home during these changing times,” added Sukkau.

“National sales activity lost momentum in October,” said Gregory Klump, CREA’s Chief Economist. “In part, this reflects waning activity among some urban centers in Ontario’s Greater Golden Horseshoe region and the absence of an offsetting rise in sales in the Lower Mainland of British Columbia. Even so, the balance between sales and listings in these regions points to stable prices or modest gains. By contrast, the balance between sales and listings for housing markets in Alberta, Saskatchewan and Newfoundland indicates a weak pricing environment for homeowners who are looking to sell.”

Canadian home sales activity eases in OctoberOttawa, ON, November 15, 2018

1 All figures in this release except price measures are seasonally adjusted unless otherwise noted. Removing normal seasonal variations enables meaningful analysis of monthly changes and fundamental trends.

* Data table available to media upon request, for purposes of reprinting only.

Chart A

The Canadian Real Estate AssociationNews Release


The number of newly listed homes edged down 1.1% between September and October, led by the GTA, Calgary and Victoria. The decline in new supply among these markets more than offset an increase in new supply in Edmonton and Greater Vancouver.

As for the balance between sales and listings, the national sales-to-new listings ratio in October came in at 54.2% — close to September’s reading of 54.4% and its long-term average of 53.4%.

Considering the degree and duration to which market balance readings are above or below their long-term average is the best way of gauging whether local housing market conditions favour buyers or sellers. As a rule of thumb, measures of market balance that are within one standard deviation of their long-term average are generally consistent with balanced market conditions.

Based on a comparison of the sales-to-new listings ratio with the long-term average, about two-thirds of all local markets were in balanced market territory in October 2018.

The number of months of inventory is another important measure for the balance between sales and the supply of listings. It represents how long it would take to liquidate current inventories at the current rate of sales activity.

There were 5.3 months of inventory on a national basis at the end of October 2018. While this remains in line with its long-term national average, the number of months of inventory is well above its long-term average in the Prairie provinces and in Newfoundland & Labrador. By contrast, Ontario and Prince Edward Island are the two provinces where the measure remains more than one standard deviation below its long-term average. In other provinces, the number of months of inventory is closer to its long-term average and suggests that sales and inventory are well balanced.

The Aggregate Composite MLS® Home Price Index (MLS® HPI) was up 2.3% y-o-y in October 2018 with similar gains posted in each of the three previous months. (Chart B)

Apartment units posted the largest y-o-y price gains in October (+7.4%), followed by townhouse/row units (+3.9%). By comparison, one-storey single-family homes posted a modest increase (+0.6%) while two-storey single-family home prices held steady.

Trends continue to vary widely among the 17 housing markets tracked by the MLS® HPI. In British Columbia, home price gains have been diminishing on a y-o-y basis (Greater Vancouver: +1%; Fraser Valley: +6.8%; Victoria +8.5%; elsewhere on Vancouver Island: +11.8%).

* Data table available to media upon request, for purposes of reprinting only.

Chart B


By contrast, MLS® HPI benchmark price comparisons are improving on a y-o-y basis among housing markets in the Greater Golden Horseshoe region that are tracked by the index. Home prices were up from year-ago levels in Guelph (+9.3%), Hamilton-Burlington (+6.8%), the Niagara Region (+6.3%), the GTA (+2.6%) and Oakville-Milton (+2.2%). While home prices in Barrie and District remain slightly below year-ago levels (-0.9%), declines there are shrinking; if current price momentum persists, home prices in December are on track to turn positive compared to December 2017.

Across the Prairies, benchmark home prices remained below year-ago levels in Calgary (-2.6%), Edmonton (-2.4%), Regina (-3.6%) and Saskatoon (-0.9%).

Home prices rose by 6.6% y-o-y in Ottawa (led by a 7.4% increase in two-storey single-family home prices), by 6.3% in Greater Montreal (led by a 9.8% increase in townhouse/row unit prices) and by 4.2% in Greater Moncton (led by a 12.4% increase in townhouse/row unit prices). (Table 1)

The MLS® HPI provides the best way to gauge price trends because average price trends are strongly distorted by changes in the mix of sales activity from one month to the next.

The actual (not seasonally adjusted) national average price for homes sold in October 2018 was just under $496,800, down 1.5% from the same month last year.

The national average price is heavily skewed by sales in Greater Vancouver and the GTA, two of Canada’s most active and expensive markets. Excluding these two markets from calculations cuts almost $114,000 from the national average price, trimming it to just under $383,000.


Interactive tables and charts for MLS® Home Price Index data on Composite, Single family homes (including separate indices for one- and two-storey homes), Townhouse/row units, and Apartment units are available at http://www.crea.ca/housing-market-stats/mls-home-price-index/hpi-tool/.

Data table available to media upon request, for purposes of reprinting only.

MLS® Home Price Index Benchmark Price

Composite HPI:October

2018

Percentage Change vs.

1 month ago

3 months ago

6 months ago

12 months ago 3 years ago 5 years ago

Aggregate $623,000 -0.13 -0.93 -0.81 2.33 27.92 44.04

Lower Mainland $995,500 -0.80 -3.36 -3.19 2.94 48.45 77.58

Greater Vancouver $1,062,100 -0.79 -3.34 -3.64 1.03 41.90 73.28

Fraser Valley $853,600 -0.77 -3.43 -2.35 6.84 66.03 87.84

Vancouver Island $485,300 -0.42 0.84 3.63 11.85 54.01 66.64

Victoria $693,600 -0.09 0.05 1.23 8.50 47.90 59.94

Calgary $422,000 -0.51 -1.92 -2.07 -2.61 -5.92 1.68

Edmonton $324,000 -0.80 -2.88 -3.08 -2.42 -5.30 -0.16

Regina $277,100 0.04 -0.99 1.17 -3.60 -1.59 -8.89

Saskatoon $295,100 0.46 0.09 0.78 -0.86 -5.48 -5.96

Guelph $526,300 0.76 1.73 2.12 9.33 40.00 52.04

Hamilton-Burlington $579,600 0.74 -0.12 1.26 6.80 40.82 69.21

Oakville-Milton $958,700 0.63 1.75 0.04 2.19 31.07 51.06

Barrie and District $475,700 0.74 0.66 -2.00 -0.86 34.42 58.68

Greater Toronto $766,300 0.12 -0.08 0.20 2.64 34.72 60.08

Niagara Region $389,200 0.09 -0.26 2.20 6.27 54.87 76.12

Ottawa $393,400 0.17 0.87 3.00 6.58 16.91 18.10

Greater Montreal $350,000 0.67 1.46 2.55 6.28 15.21 17.00

Greater Moncton $182,600 0.71 -0.70 2.51 4.16 13.37 17.49

Table 1


- 30 -

PLEASE NOTE: The information contained in this news release combines both major market and national sales information from MLS® Systems from the previous month.

CREA cautions that average price information can be useful in establishing trends over time, but does not indicate actual prices in centres comprised of widely divergent neighbourhoods or account for price differential between geographic areas. Statistical information contained in this report includes all housing types.

MLS® Systems are co-operative marketing systems used only by Canada’s real estate Boards to ensure maximum exposure of properties listed for sale.

The Canadian Real Estate Association (CREA) is one of Canada’s largest single-industry trade associations. CREA works on behalf of more than 125,000 REALTORS® who contribute to the economic and social well-being of communities across Canada. Together they advocate for property owners, buyers and sellers.

Further information can be found at http://crea.ca/statistics.

For more information, please contact:

Pierre Leduc, Media RelationsThe Canadian Real Estate AssociationTel.: 613-237-7111 or 613-884-1460E-mail: [email protected]


Chart 1 Chart 2

Chart 3 Chart 4

Chart 5 Chart 6

National Charts


MLS® Home Price Index











October 2018

Oct 2018 Sep 2018monthly

percentage change

Oct 2018 Oct 2017year-over-year

percentage change


percentage change


percentage change

Fraser Valley 911.8 963.1 -5.3 836.0 1,277.0 -34.5 874.4 905.8 -3.5 808.8 1,212.3 -33.3Greater Vancouver 2,108.2 2,124.7 -0.8 2,116.0 3,419.9 -38.1 2,052.4 2,054.3 -0.1 2,061.3 3,303.0 -37.6Victoria 418.4 436.6 -4.1 404.6 424.5 -4.7 399.3 417.0 -4.2 389.1 416.4 -6.6Calgary 854.8 866.1 -1.3 818.8 908.5 -9.9 775.1 794.6 -2.4 753.0 850.4 -11.5Edmonton 545.5 605.8 -10.0 539.7 622.3 -13.3 518.9 577.6 -10.1 512.8 597.7 -14.2Regina 77.6 74.3 4.5 76.1 82.2 -7.4 74.6 73.8 1.0 74.4 74.9 -0.7Saskatoon 128.0 128.3 -0.2 132.4 127.9 3.5 117.2 117.2 0.0 121.2 123.1 -1.6Winnipeg 320.4 312.2 2.6 329.8 293.0 12.6 310.3 299.1 3.8 313.6 282.2 11.1Hamilton-Burlington 579.6 680.2 -14.8 599.1 662.9 -9.6 555.2 653.5 -15.0 581.6 629.0 -7.5Kitchener-Waterloo 267.9 280.6 -4.5 268.0 252.1 6.3 237.4 254.7 -6.8 242.0 234.3 3.3London and St Thomas 382.0 352.9 8.2 381.9 279.3 36.7 346.6 327.7 5.8 343.3 261.6 31.2Niagara Region 207.9 226.6 -8.2 204.3 215.1 -5.0 193.9 201.4 -3.7 190.7 186.2 2.4Ottawa 642.8 669.1 -3.9 593.7 522.9 13.5 623.4 621.4 0.3 573.4 496.5 15.5Sudbury 60.8 62.7 -3.1 68.5 70.2 -2.4 53.6 53.8 -0.3 58.9 61.7 -4.6Thunder Bay 45.9 48.9 -6.1 49.4 56.5 -12.5 43.4 45.1 -3.7 46.3 55.0 -15.7Greater Toronto† 5,587.9 5,581.2 0.1 6,048.6 5,552.8 8.9 5,599.2 5,589.2 0.2 6,048.6 5,552.8 8.9Windsor-Essex 209.9 198.6 5.7 212.7 156.0 36.4 186.1 178.9 4.0 183.9 143.5 28.2Trois Rivières CMA 17.6 21.4 -17.8 15.8 14.8 6.8 15.2 18.7 -18.8 13.7 13.9 -1.5Montreal CMA 1,626.3 1,647.6 -1.3 1,588.0 1,366.2 16.2 1,523.2 1,556.7 -2.2 1,479.0 1,292.4 14.4Gatineau CMA 114.3 106.3 7.5 108.7 81.0 34.1 108.7 103.1 5.4 103.5 77.1 34.3Quebec CMA 181.5 177.9 2.0 171.8 152.1 12.9 167.5 165.4 1.3 159.4 139.9 13.9Saguenay CMA 21.2 15.7 35.1 18.0 11.6 55.7 19.6 16.8 16.9 16.6 11.1 49.2Sherbrooke CMA 42.8 48.0 -10.8 41.2 35.2 17.2 38.8 42.1 -7.8 36.8 30.8 19.6Saint John 32.6 36.5 -10.6 35.2 31.1 13.2 30.9 35.3 -12.3 33.2 30.2 10.0Halifax-Dartmouth 133.5 165.1 -19.1 126.1 128.9 -2.2 132.4 159.1 -16.8 123.4 127.0 -2.8Newfoundland & Labrador 72.6 77.3 -6.1 94.0 110.1 -14.6 72.2 74.9 -3.7 92.6 106.9 -13.4Canada 20,050.2 20,469.3 -2.0 20,481.5 21,604.8 -5.2 19,126.8 19,463.3 -1.7 19,529.2 20,601.9 -5.2

* in millions of dollars†Detailed data for the Toronto Real Estate Board (TREB) market area can be found at http://www.torontorealestateboard.com/market_news/market_watch/index.htm

1 Total = Residential + Non-residential2 Seasonally adjusted3 Not seasonally adjusted

Note: Due to changes in local market boundaries and data collection in the province of Quebec, local market and provincial totals for Quebec and Canada after 2000 are not directly comparable with earlier years.Source: The Canadian Real Estate Association

Dollar Volume over MLS® Systems of Select Canadian Real Estate Boards & Associations

Dollar Volume*

Total1 Residentials.a.2 nsa3 s.a.2 nsa3

October 2018


percentage change


percentage change


percentage change


percentage change

Fraser Valley 1,241 1,290 -3.8 1,155 1,799 -35.8 1,180 1,218 -3.1 1,103 1,735 -36.4Greater Vancouver 2,096 2,061 1.7 2,062 3,158 -34.7 2,052 2,012 2.0 1,995 3,073 -35.1Victoria 620 614 1.0 598 664 -9.9 575 583 -1.4 556 635 -12.4Calgary 1,830 1,836 -0.3 1,768 1,943 -9.0 1,673 1,714 -2.4 1,676 1,845 -9.2Edmonton 1,469 1,605 -8.5 1,462 1,635 -10.6 1,406 1,531 -8.2 1,399 1,575 -11.2Regina 257 254 1.2 262 271 -3.3 249 242 2.9 255 255 0.0Saskatoon 373 386 -3.4 393 404 -2.7 348 363 -4.1 367 383 -4.2Winnipeg 1,075 1,048 2.6 1,107 1,023 8.2 1,012 985 2.7 1,032 957 7.8Hamilton-Burlington 997 1,190 -16.2 1,060 1,222 -13.3 968 1,164 -16.8 1,035 1,191 -13.1Kitchener-Waterloo 515 524 -1.7 527 555 -5.0 494 502 -1.6 496 524 -5.3London and St Thomas 948 896 5.8 959 849 13.0 895 847 5.7 904 805 12.3Niagara Region 494 544 -9.2 488 529 -7.8 465 502 -7.4 451 480 -6.0Ottawa 1,557 1,574 -1.1 1,468 1,334 10.0 1,480 1,491 -0.7 1,402 1,260 11.3Sudbury 241 235 2.6 281 283 -0.7 198 193 2.6 236 242 -2.5Thunder Bay 203 216 -6.0 229 238 -3.8 184 192 -4.2 205 221 -7.2Greater Toronto† 6,937 6,972 -0.5 7,492 7,118 5.3 6,926 7,000 -1.1 7,492 7,118 5.3Windsor-Essex 630 639 -1.4 647 619 4.5 591 593 -0.3 602 573 5.1Trois Rivières CMA 103 106 -2.8 97 101 -4.0 93 106 -12.3 85 96 -11.5Montreal CMA 4,096 4,202 -2.5 3,884 3,486 11.4 3,958 4,075 -2.9 3,731 3,352 11.3Gatineau CMA 434 399 8.8 418 335 24.8 414 384 7.8 390 303 28.7Quebec CMA 639 624 2.4 595 535 11.2 609 596 2.2 567 500 13.4Saguenay CMA 110 97 13.4 93 69 34.8 104 91 14.3 84 65 29.2Sherbrooke CMA 187 173 8.1 176 139 26.6 168 157 7.0 157 125 25.6Saint John 199 198 0.5 222 208 6.7 180 181 -0.6 199 179 11.2Halifax-Dartmouth 465 546 -14.8 450 462 -2.6 446 517 -13.7 428 443 -3.4Newfoundland & Labrador 303 318 -4.7 402 457 -12.0 292 295 -1.0 387 427 -9.4Canada 41,191 41,774 -1.4 41,961 43,543 -3.6 38,711 39,333 -1.6 39,313 40,839 -3.7

†Detailed data for the Toronto Real Estate Board (TREB) market area can be found at http://www.torontorealestateboard.com/market_news/market_watch/index.htm



Sales Activity over MLS® Systems of Select Canadian Real Estate Boards & Associations

Sales Activity


October 2018


percentage change


percentage change


percentage change


percentage change

Fraser Valley 2,978 3,084 -3.4 2,776 2,479 12.0 2,671 2,767 -3.5 2,522 2,247 12.2Greater Vancouver 5,144 5,041 2.0 5,279 4,880 8.2 4,894 4,783 2.3 5,026 4,636 8.4Victoria 1,034 1,189 -13.0 958 979 -2.1 921 1,030 -10.6 865 897 -3.6Calgary 3,783 4,035 -6.2 3,470 3,663 -5.3 3,386 3,609 -6.2 3,113 3,300 -5.7Edmonton 3,642 3,497 4.1 3,124 3,025 3.3 3,391 3,257 4.1 2,939 2,875 2.2Regina 676 605 11.7 599 614 -2.4 609 545 11.7 538 547 -1.6Saskatoon 958 975 -1.7 923 1,063 -13.2 849 890 -4.6 822 950 -13.5Winnipeg 1,982 2,072 -4.3 1,845 1,796 2.7 1,763 1,857 -5.1 1,652 1,601 3.2Hamilton-Burlington 1,763 1,822 -3.2 1,864 1,949 -4.4 1,633 1,682 -2.9 1,721 1,819 -5.4Kitchener-Waterloo 838 914 -8.3 822 814 1.0 785 845 -7.1 749 725 3.3London and St Thomas 1,332 1,315 1.3 1,277 934 36.7 1,213 1,197 1.3 1,166 841 38.6Niagara Region 1,061 921 15.2 1,079 860 25.5 925 811 14.1 954 767 24.4Ottawa 2,344 2,400 -2.3 1,985 2,067 -4.0 2,116 2,192 -3.5 1,779 1,853 -4.0Sudbury 433 474 -8.6 383 409 -6.4 321 338 -5.0 271 293 -7.5Thunder Bay 294 296 -0.7 275 300 -8.3 253 250 1.2 227 258 -12.0Greater Toronto† 13,400 13,818 -3.0 14,431 14,903 -3.2 13,388 13,817 -3.1 14,431 14,903 -3.2Windsor-Essex 934 1,003 -6.9 950 866 9.7 806 875 -7.9 801 741 8.1Trois Rivières CMA 211 187 12.8 229 183 25.1 182 164 11.0 194 152 27.6Montreal CMA 6,017 5,927 1.5 6,337 6,481 -2.2 5,607 5,545 1.1 5,862 5,981 -2.0Gatineau CMA 741 721 2.8 703 660 6.5 647 642 0.8 611 597 2.3Quebec CMA 1,333 1,323 0.8 1,483 1,284 15.5 1,230 1,196 2.8 1,362 1,152 18.2Saguenay CMA 220 240 -8.3 188 181 3.9 196 224 -12.5 171 169 1.2Sherbrooke CMA 304 286 6.3 324 312 3.8 249 251 -0.8 266 261 1.9Saint John 420 412 1.9 367 407 -9.8 321 326 -1.5 283 311 -9.0Halifax-Dartmouth 884 849 4.1 802 764 5.0 748 773 -3.2 659 705 -6.5Newfoundland & Labrador 1,088 1,248 -12.8 1,096 1,016 7.9 910 1,001 -9.1 903 853 5.9Canada 79,778 80,834 -1.3 77,084 75,803 1.7 71,437 72,247 -1.1 69,276 68,107 1.7




New Listings over MLS® Systems of Select Canadian Real Estate Boards & Associations

New Listings


October 2018


percentage change


percentage change


percentage change


percentage change

Fraser Valley 751,385 746,346 0.7 723,825 709,844 2.0 763,224 754,263 1.2 733,312 698,721 5.0Greater Vancouver 1,041,337 1,060,929 -1.8 1,026,205 1,082,929 -5.2 1,050,695 1,068,381 -1.7 1,033,240 1,074,834 -3.9Victoria 674,140 700,730 -3.8 676,633 639,284 5.8 695,864 714,364 -2.6 699,752 655,747 6.7Calgary 467,657 467,126 0.1 463,121 467,598 -1.0 453,406 453,714 -0.1 449,274 460,941 -2.5Edmonton 375,373 380,386 -1.3 369,162 380,582 -3.0 371,595 375,267 -1.0 366,531 379,497 -3.4Regina 302,925 295,229 2.6 290,618 303,437 -4.2 300,781 303,457 -0.9 291,600 293,691 -0.7Saskatoon 340,834 325,598 4.7 336,964 316,618 6.4 331,162 317,928 4.2 330,159 321,404 2.7Winnipeg 301,007 292,050 3.1 297,928 286,427 4.0 306,157 303,061 1.0 303,860 294,843 3.1Hamilton-Burlington 579,588 575,320 0.7 565,155 542,459 4.2 566,207 560,991 0.9 561,898 528,142 6.4Kitchener-Waterloo 508,615 525,393 -3.2 508,615 454,287 12.0 487,988 493,214 -1.1 487,988 447,197 9.1London and St Thomas 403,121 394,536 2.2 398,241 328,953 21.1 386,465 387,857 -0.4 379,783 325,013 16.9Niagara Region 418,087 413,125 1.2 418,589 406,660 2.9 417,876 395,464 5.7 422,770 387,839 9.0Ottawa 412,341 421,072 -2.1 404,410 392,003 3.2 414,388 420,117 -1.4 408,990 394,048 3.8Sudbury 249,699 280,735 -11.1 243,739 248,014 -1.7 263,595 280,236 -5.9 249,368 255,012 -2.2Thunder Bay 218,295 225,400 -3.2 215,795 237,304 -9.1 228,653 232,871 -1.8 225,945 248,716 -9.2Greater Toronto† 810,931 802,977 1.0 807,340 780,104 3.5 810,881 802,976 1.0 807,340 780,104 3.5Windsor-Essex 321,641 314,472 2.3 328,801 252,016 30.5 309,638 302,200 2.5 305,552 250,406 22.0Trois Rivières CMA 163,360 170,058 -3.9 n/a n/a - 162,831 162,203 0.4 162,831 145,095 12.2Montreal CMA 397,740 397,527 0.1 n/a n/a - 398,532 394,527 1.0 402,463 381,112 5.6Gatineau CMA 262,686 263,735 -0.4 n/a n/a - 264,091 262,611 0.6 266,704 256,500 4.0Quebec CMA 284,310 277,782 2.4 n/a n/a - 278,462 273,948 1.6 280,787 280,962 -0.1Saguenay CMA 194,680 182,884 6.5 n/a n/a - 196,344 191,155 2.7 198,876 171,212 16.2Sherbrooke CMA 235,159 288,568 -18.5 n/a n/a - 235,949 272,275 -13.3 235,979 250,746 -5.9Saint John 158,388 184,555 -14.2 158,388 149,335 6.1 166,766 195,974 -14.9 166,766 168,570 -1.1Halifax-Dartmouth 291,145 292,815 -0.6 280,311 279,105 0.4 297,872 301,321 -1.1 288,293 286,634 0.6Newfoundland & Labrador 241,522 250,378 -3.5 233,953 240,842 -2.9 245,328 254,866 -3.7 239,373 250,462 -4.4Canada 491,245 493,352 -0.4 488,107 496,172 -1.6 498,515 499,372 -0.2 496,763 504,465 -1.5

* Weighted residential average prices for Quebec (provided by Québec Federation of Real Estate Boards); does not affect weighted and unweighted national average price calculations. Information on Quebec's weighted average price calculation can be found at: http://www.fciq.ca/pdf/Carrefour/definitions/en/prix_moyen_pondere_a.pdf†Detailed data for the Toronto Real Estate Board (TREB) market area can be found at http://www.torontorealestateboard.com/market_news/market_watch/index.htm



Average Sale Price over MLS® Systems of Select Canadian Real Estate Boards & Associations

Average Price*


October 2018

Oct 2018 Sep 2018 monthly change Oct 2018 Oct 2017 year-over-year change Oct 2018 Sep 2018 monthly change Oct 2018 Oct 2017 year-over-year

change

Fraser Valley 41.7 41.8 -0.1 51.8 68.0 -16.2 44.2 44.0 0.2 53.8 71.3 -17.5Greater Vancouver 40.7 40.9 ‐0.2 47.4 63.9 ‐16.5 41.9 42.1 ‐0.2 48.4 65.6 ‐17.2Victoria 60.0 51.6 8.4 60.0 72.2 -12.2 62.4 56.6 5.8 63.1 74.7 -11.6Calgary 48.4 45.5 2.9 45.2 51.8 ‐6.6 49.4 47.5 1.9 47.4 54.1 ‐6.7Edmonton 40.3 45.9 -5.6 44.3 48.0 -3.7 41.5 47.0 -5.5 45.3 48.9 -3.6Regina 38.0 42.0 ‐4.0 39.6 41.0 ‐1.4 40.9 44.4 ‐3.5 42.3 43.6 ‐1.3Saskatoon 38.9 39.6 -0.7 38.2 34.2 4.0 41.0 40.8 0.2 40.1 36.1 4.0Winnipeg 54.2 50.6 3.6 54.3 57.8 ‐3.5 57.4 53.0 4.4 57.2 61.1 ‐3.9Hamilton-Burlington 56.6 65.3 -8.7 59.7 67.0 -7.3 59.3 69.2 -9.9 62.4 69.4 -7.0Kitchener-Waterloo 61.5 57.3 4.2 65.1 72.2 ‐7.1 62.9 59.4 3.5 67.7 75.4 ‐7.7London and St Thomas 71.2 68.1 3.1 72.1 75.5 -3.4 73.8 70.8 3.0 75.7 79.4 -3.7Niagara Region 46.6 59.1 ‐12.5 57.0 69.5 ‐12.5 50.3 61.9 ‐11.6 59.9 72.9 ‐13.0Ottawa 66.4 65.6 0.8 65.1 59.8 5.3 69.9 68.0 1.9 69.4 63.0 6.4Sudbury 55.7 49.6 6.1 54.0 48.6 5.4 61.7 57.1 4.6 62.4 55.4 7.0Thunder Bay 69.0 73.0 -4.0 65.6 63.4 2.2 72.7 76.8 -4.1 70.4 68.7 1.7Greater Toronto† 51.8 50.5 1.3 49.4 54.7 ‐5.3 51.7 50.7 1.0 49.4 54.7 ‐5.3Windsor-Essex 67.5 63.7 3.8 70.8 74.5 -3.7 73.3 67.8 5.5 75.8 79.0 -3.2Trois Rivières CMA 48.8 56.7 ‐7.9 57.0 54.9 2.1 51.1 64.6 ‐13.5 61.0 58.1 2.9Montreal CMA 68.1 70.9 -2.8 66.2 59.2 7.0 70.6 73.5 -2.9 68.7 61.2 7.5Gatineau CMA 58.6 55.3 3.3 53.7 47.5 6.2 64.0 59.8 4.2 57.3 50.8 6.5Quebec CMA 47.9 47.2 0.7 49.1 49.7 -0.6 49.5 49.8 -0.3 51.3 51.9 -0.6Saguenay CMA 50.0 40.4 9.6 43.7 42.3 1.4 53.1 40.6 12.5 46.2 44.2 2.0Sherbrooke CMA 61.5 60.5 1.0 55.9 52.0 3.9 67.5 62.5 5.0 59.5 55.9 3.6Saint John 47.4 48.1 -0.7 46.3 41.2 5.1 56.1 55.5 0.6 53.1 48.4 4.7Halifax-Dartmouth 52.6 64.3 -11.7 59.3 52.2 7.1 59.6 66.9 -7.3 64.7 56.8 7.9Newfoundland & Labrador 27.8 25.5 2.3 29.6 31.5 -1.9 32.1 29.5 2.6 33.6 36.1 -2.5Canada 51.6 51.7 -0.1 52.8 56.4 -3.6 54.2 54.4 -0.2 55.3 59.1 -3.8

*Actual (not seasonally adjusted) data for sales-to-new listings ratios are based on a 12-month moving average†Detailed data for the Toronto Real Estate Board (TREB) market area can be found at http://www.torontorealestateboard.com/market_news/market_watch/index.htm



Sales as a Percentage of New Listings over MLS® Systems of Select Canadian Real Estate Boards & Associations

Sales as a Percentage of New Listings*


October 2018Year to date

Oct 2018 YTD Oct 2017 YTD percentage change Oct 2018 YTD Oct 2017 YTD percentage

change Oct 2018 YTD Oct 2017 YTD percentage change Oct 2018 YTD Oct 2017 YTD percentage

change

Fraser Valley 9,967.1 12,689.3 -21.5 10,474.8 13,555.0 -22.7 9,460.9 12,076.7 -21.7 9,848.0 12,934.7 -23.9Greater Vancouver 22,851.5 31,929.6 -28.4 24,078.9 33,468.6 -28.1 22,535.8 31,157.9 -27.7 23,426.0 32,681.4 -28.3Victoria 4,164.0 4,673.1 -10.9 4,414.0 4,983.7 -11.4 3,984.7 4,500.6 -11.5 4,184.1 4,818.2 -13.2Calgary 8,731.0 10,014.8 -12.8 9,192.6 10,572.3 -13.0 7,998.4 9,269.8 -13.7 8,403.8 9,780.4 -14.1Edmonton 6,007.1 6,226.6 -3.5 6,400.7 6,737.1 -5.0 5,785.0 6,055.7 -4.5 6,169.2 6,539.2 -5.7Regina 830.7 909.5 -8.7 867.8 963.2 -9.9 772.6 858.5 -10.0 817.3 912.9 -10.5Saskatoon 1,275.5 1,306.5 -2.4 1,343.0 1,386.9 -3.2 1,191.5 1,235.3 -3.5 1,254.6 1,316.7 -4.7Winnipeg 3,142.1 3,265.7 -3.8 3,348.0 3,493.2 -4.2 3,011.5 3,143.0 -4.2 3,230.3 3,367.7 -4.1Hamilton-Burlington 5,512.8 7,087.7 -22.2 6,022.0 7,552.2 -20.3 5,217.3 6,649.6 -21.5 5,782.4 7,212.4 -19.8Kitchener-Waterloo 2,562.2 2,996.4 -14.5 2,710.7 3,161.3 -14.3 2,321.5 2,761.0 -15.9 2,483.1 2,921.9 -15.0London and St Thomas 3,164.6 3,373.4 -6.2 3,418.9 3,573.3 -4.3 2,923.6 3,147.2 -7.1 3,161.5 3,339.6 -5.3Niagara Region 2,150.0 2,699.2 -20.3 2,198.3 2,635.0 -16.6 1,950.4 2,371.6 -17.8 1,992.9 2,314.5 -13.9Ottawa 6,200.1 5,723.3 8.3 6,744.4 6,314.2 6.8 5,935.9 5,476.0 8.4 6,507.1 6,051.5 7.5Sudbury 590.8 585.8 0.9 635.1 624.7 1.7 530.5 534.8 -0.8 569.6 569.8 0.0Thunder Bay 463.7 465.0 -0.3 489.3 494.4 -1.0 438.3 446.9 -1.9 461.1 475.5 -3.0Greater Toronto† 50,531.9 63,154.0 -20.0 53,582.7 67,509.6 -20.6 50,452.1 63,137.6 -20.1 53,582.7 67,509.6 -20.6Windsor-Essex 1,742.1 1,675.1 4.0 1,882.1 1,866.1 0.9 1,574.5 1,517.4 3.8 1,707.2 1,687.1 1.2Trois Rivières CMA 168.1 169.5 -0.8 173.1 175.6 -1.5 146.5 145.6 0.6 153.8 153.8 0.0Montreal CMA 15,468.6 14,090.1 9.8 16,002.2 14,563.1 9.9 14,576.8 13,296.6 9.6 15,130.6 13,790.4 9.7Gatineau CMA 1,019.1 916.7 11.2 1,087.2 975.9 11.4 971.9 881.1 10.3 1,037.0 939.7 10.4Quebec CMA 1,718.9 1,673.6 2.7 1,772.9 1,731.0 2.4 1,600.3 1,515.2 5.6 1,656.1 1,566.4 5.7Saguenay CMA 189.5 168.4 12.5 202.7 179.5 12.9 177.8 160.5 10.8 191.6 172.0 11.4Sherbrooke CMA 432.0 388.5 11.2 444.0 401.4 10.6 378.0 346.9 9.0 391.6 359.0 9.1Saint John 333.4 326.1 2.2 352.3 342.5 2.8 308.6 301.6 2.3 334.7 326.4 2.5Halifax-Dartmouth 1,510.9 1,373.2 10.0 1,627.2 1,465.4 11.0 1,474.3 1,348.1 9.4 1,584.7 1,438.7 10.1Newfoundland & Labrador 801.7 859.8 -6.8 828.9 873.6 -5.1 776.2 819.6 -5.3 800.1 835.2 -4.2Canada 195,535.0 226,485.3 -13.7 207,004.4 240,402.2 -13.9 186,583.0 216,633.8 -13.9 197,367.3 230,396.7 -14.3

* in millions of dollars†Detailed data for the Toronto Real Estate Board (TREB) market area can be found at http://www.torontorealestateboard.com/market_news/market_watch/index.htm



Dollar Volume over MLS® Systems of Select Canadian Real Estate Boards & Associations

Dollar Volume*





change

Fraser Valley 13,237 18,257 -27.5 13,812 19,327 -28.5 12,536 17,462 -28.2 13,121 18,525 -29.2Greater Vancouver 22,146 31,024 -28.6 22,998 32,426 -29.1 21,431 30,336 -29.4 22,324 31,704 -29.6Victoria 5,937 7,348 -19.2 6,277 7,811 -19.6 5,619 6,941 -19.0 5,969 7,407 -19.4Calgary 18,199 20,651 -11.9 19,164 21,970 -12.8 17,236 19,685 -12.4 18,091 20,827 -13.1Edmonton 15,961 16,376 -2.5 16,971 17,676 -4.0 15,413 15,803 -2.5 16,414 17,110 -4.1Regina 2,654 2,860 -7.2 2,796 2,999 -6.8 2,542 2,716 -6.4 2,687 2,874 -6.5Saskatoon 3,854 3,883 -0.7 4,074 4,099 -0.6 3,624 3,662 -1.0 3,843 3,901 -1.5Winnipeg 10,621 11,240 -5.5 11,319 12,012 -5.8 10,005 10,616 -5.8 10,677 11,363 -6.0Hamilton-Burlington 9,879 12,339 -19.9 10,575 12,966 -18.4 9,477 11,759 -19.4 10,286 12,538 -18.0Kitchener-Waterloo 5,170 6,340 -18.5 5,398 6,663 -19.0 4,873 5,987 -18.6 5,140 6,314 -18.6London and St Thomas 8,506 10,072 -15.5 9,025 10,592 -14.8 8,018 9,616 -16.6 8,582 10,126 -15.2Niagara Region 5,340 6,737 -20.7 5,352 6,545 -18.2 4,877 6,103 -20.1 4,926 5,937 -17.0Ottawa 15,229 14,617 4.2 16,476 15,916 3.5 14,489 14,003 3.5 15,865 15,290 3.8Sudbury 2,404 2,309 4.1 2,524 2,470 2.2 2,028 2,054 -1.3 2,150 2,183 -1.5Thunder Bay 2,073 2,024 2.4 2,156 2,133 1.1 1,887 1,885 0.1 1,962 1,981 -1.0Greater Toronto† 64,897 76,210 -14.8 67,877 80,854 -16.0 64,723 76,202 -15.1 67,877 80,854 -16.0Windsor-Essex 5,889 6,514 -9.6 6,250 7,102 -12.0 5,400 5,994 -9.9 5,790 6,528 -11.3Trois Rivières CMA 990 1,003 -1.3 1,025 1,043 -1.7 915 932 -1.8 953 972 -2.0Montreal CMA 40,019 38,025 5.2 41,702 39,493 5.6 38,709 36,724 5.4 40,345 38,219 5.6Gatineau CMA 3,928 3,652 7.6 4,181 3,875 7.9 3,722 3,459 7.6 3,962 3,676 7.8Quebec CMA 6,181 6,053 2.1 6,383 6,238 2.3 5,872 5,738 2.3 6,082 5,913 2.9Saguenay CMA 1,017 916 11.0 1,081 977 10.6 969 868 11.6 1,021 932 9.5Sherbrooke CMA 1,708 1,599 6.8 1,780 1,667 6.8 1,530 1,446 5.8 1,599 1,504 6.3Saint John 1,872 1,967 -4.8 2,022 2,069 -2.3 1,650 1,715 -3.8 1,797 1,840 -2.3Halifax-Dartmouth 5,113 4,837 5.7 5,472 5,079 7.7 4,888 4,611 6.0 5,235 4,859 7.7Newfoundland & Labrador 3,325 3,479 -4.4 3,398 3,526 -3.6 3,120 3,248 -3.9 3,195 3,305 -3.3Canada 407,126 452,481 -10.0 427,705 477,655 -10.5 382,172 426,031 -10.3 403,084 450,739 -10.6




Sales Activity over MLS® Systems of Select Canadian Real Estate Boards & Associations

Sales Activity





change

Fraser Valley 26,602 26,218 1.5 29,002 29,051 -0.2 23,984 23,833 0.6 26,559 26,667 -0.4Greater Vancouver 48,225 47,369 1.8 52,570 52,248 0.6 45,681 44,905 1.7 50,078 49,884 0.4Victoria 10,129 10,109 0.2 11,057 11,119 -0.6 9,038 9,179 -1.5 9,999 10,199 -2.0Calgary 41,618 40,533 2.7 44,841 43,654 2.7 37,254 36,721 1.5 40,307 39,627 1.7Edmonton 36,775 34,647 6.1 39,913 37,730 5.8 34,806 32,924 5.7 37,849 35,866 5.5Regina 6,783 7,059 -3.9 7,341 7,525 -2.4 6,109 6,254 -2.3 6,580 6,757 -2.6Saskatoon 10,206 11,388 -10.4 10,929 12,081 -9.5 9,113 10,179 -10.5 9,806 10,903 -10.1Winnipeg 19,624 19,336 1.5 21,547 21,266 1.3 17,541 17,290 1.5 19,281 19,039 1.3Hamilton-Burlington 16,617 18,776 -11.5 18,531 20,311 -8.8 15,390 17,494 -12.0 17,241 18,991 -9.2Kitchener-Waterloo 8,020 8,896 -9.8 8,566 9,639 -11.1 7,249 7,975 -9.1 7,844 8,749 -10.3London and St Thomas 11,779 13,342 -11.7 12,837 14,367 -10.6 10,599 12,109 -12.5 11,638 13,110 -11.2Niagara Region 9,421 9,879 -4.6 9,807 9,770 0.4 8,206 8,542 -3.9 8,594 8,498 1.1Ottawa 23,971 24,883 -3.7 26,036 27,171 -4.2 21,401 22,449 -4.7 23,488 24,709 -4.9Sudbury 4,487 4,852 -7.5 4,810 5,188 -7.3 3,283 3,719 -11.7 3,546 3,986 -11.0Thunder Bay 3,122 3,230 -3.3 3,375 3,512 -3.9 2,628 2,748 -4.4 2,856 3,013 -5.2Greater Toronto† 130,520 142,130 -8.2 141,573 158,370 -10.6 129,749 141,768 -8.5 141,573 158,370 -10.6Windsor-Essex 8,600 9,554 -10.0 9,040 9,752 -7.3 7,266 7,978 -8.9 7,827 8,487 -7.8Trois Rivières CMA 1,762 1,820 -3.2 1,844 1,879 -1.9 1,532 1,586 -3.4 1,601 1,643 -2.6Montreal CMA 60,690 64,120 -5.3 63,560 66,957 -5.1 56,774 59,825 -5.1 59,304 62,638 -5.3Gatineau CMA 7,408 7,691 -3.7 7,940 8,197 -3.1 6,554 6,829 -4.0 7,067 7,269 -2.8Quebec CMA 12,647 12,196 3.7 13,164 12,672 3.9 11,455 11,032 3.8 11,986 11,502 4.2Saguenay CMA 2,257 2,175 3.8 2,421 2,356 2.8 2,034 1,999 1.8 2,187 2,137 2.3Sherbrooke CMA 3,054 3,036 0.6 3,131 3,133 -0.1 2,574 2,589 -0.6 2,639 2,665 -1.0Saint John 4,169 4,694 -11.2 4,516 5,104 -11.5 3,189 3,463 -7.9 3,515 3,866 -9.1Halifax-Dartmouth 8,694 9,147 -5.0 9,553 9,905 -3.6 7,709 8,026 -3.9 8,370 8,729 -4.1Newfoundland & Labrador 11,672 11,015 6.0 12,593 11,895 5.9 9,527 8,997 5.9 10,301 9,751 5.6Canada 779,026 806,206 -3.4 841,494 873,138 -3.6 696,254 722,443 -3.6 756,132 787,200 -3.9




New Listings over MLS® Systems of Select Canadian Real Estate Boards & Associations

New Listings





change

Fraser Valley 749,790 691,142 8.5 758,383 701,351 8.1 744,233 689,262 8.0 750,554 698,232 7.5Greater Vancouver 1,038,631 1,018,967 1.9 1,046,998 1,032,153 1.4 1,039,984 1,016,555 2.3 1,049,363 1,030,830 1.8Victoria 700,340 631,067 11.0 703,200 638,042 10.2 699,193 644,734 8.4 700,977 650,492 7.8Calgary 477,522 478,159 -0.1 479,681 481,215 -0.3 462,667 466,236 -0.8 464,529 469,602 -1.1Edmonton 374,607 378,743 -1.1 377,153 381,145 -1.0 373,020 378,853 -1.5 375,850 382,187 -1.7Regina 310,728 315,638 -1.6 310,389 321,185 -3.4 302,255 314,359 -3.9 304,170 317,653 -4.2Saskatoon 328,806 335,983 -2.1 329,657 338,340 -2.6 326,511 336,703 -3.0 326,451 337,528 -3.3Winnipeg 292,186 287,774 1.5 295,787 290,812 1.7 299,584 293,052 2.2 302,543 296,372 2.1Hamilton-Burlington 563,515 571,114 -1.3 569,457 582,465 -2.2 552,391 561,216 -1.6 562,162 575,241 -2.3Kitchener-Waterloo 502,232 470,503 6.7 502,177 474,454 5.8 481,829 458,277 5.1 483,092 462,766 4.4London and St Thomas 376,605 334,616 12.5 378,830 337,354 12.3 364,608 325,542 12.0 368,384 329,809 11.7Niagara Region 408,837 399,136 2.4 410,751 402,597 2.0 402,335 387,524 3.8 404,573 389,847 3.8Ottawa 406,453 392,162 3.6 409,348 396,720 3.2 406,231 390,764 4.0 410,157 395,779 3.6Sudbury 248,416 252,117 -1.5 251,609 252,935 -0.5 260,609 258,647 0.8 264,916 261,020 1.5Thunder Bay 223,113 227,065 -1.7 226,948 231,775 -2.1 231,583 234,550 -1.3 235,030 240,034 -2.1Greater Toronto† 781,426 817,170 -4.4 789,409 834,956 -5.5 781,769 816,695 -4.3 789,409 834,956 -5.5Windsor-Essex 298,369 258,948 15.2 301,133 262,760 14.6 290,663 252,923 14.9 294,854 258,448 14.1Trois Rivières CMA 168,085 168,833 -0.4 n/a n/a - 161,753 159,661 1.3 162,104 159,223 1.8Montreal CMA 388,219 372,260 4.3 n/a n/a - 384,838 363,731 5.8 382,948 362,308 5.7Gatineau CMA 257,691 249,672 3.2 n/a n/a - 260,186 253,993 2.4 263,207 256,486 2.6Quebec CMA 278,882 279,454 -0.2 n/a n/a - 272,581 266,182 2.4 272,617 265,436 2.7Saguenay CMA 185,103 179,718 3.0 n/a n/a - 185,114 181,971 1.7 188,260 185,391 1.5Sherbrooke CMA 251,898 242,865 3.7 n/a n/a - 245,623 240,986 1.9 244,699 238,541 2.6Saint John 175,296 163,483 7.2 174,221 165,553 5.2 185,590 174,935 6.1 186,250 177,386 5.0Halifax-Dartmouth 295,496 283,700 4.2 297,375 288,525 3.1 300,559 291,762 3.0 302,706 296,080 2.2Newfoundland & Labrador 242,882 246,658 -1.5 243,930 247,747 -1.5 248,807 251,998 -1.3 250,437 252,722 -0.9Canada 482,148 497,578 -3.1 483,989 503,297 -3.8 487,229 504,938 -3.5 489,643 511,153 -4.2

* Weighted residential average prices for Quebec (provided by Québec Federation of Real Estate Boards); does not affect weighted and unweighted national average price calculations. Information on Quebec's weighted average price calculation can be found at: http://www.fciq.ca/pdf/Carrefour/definitions/en/prix_moyen_pondere_a.pdf†Detailed data for the Toronto Real Estate Board (TREB) market area can be found at http://www.torontorealestateboard.com/market_news/market_watch/index.htm



Average Sale Price over MLS® Systems of Select Canadian Real Estate Boards & Associations

Average Price*



Oct 2018 YTD Oct 2017 YTD change Oct 2018 YTD Oct 2017 YTD change Oct 2018 YTD Oct 2017 YTD change Oct 2018 YTD Oct 2017 YTD change

Fraser Valley 49.8 69.6 -19.8 47.6 66.5 -18.9 52.3 73.3 -21.0 49.4 69.5 -20.1Greater Vancouver 45.9 65.5 -19.6 43.7 62.1 -18.4 46.9 67.6 -20.7 44.6 63.6 -19.0Victoria 58.6 72.7 -14.1 56.8 70.2 -13.4 62.2 75.6 -13.4 59.7 72.6 -12.9Calgary 43.7 50.9 -7.2 42.7 50.3 -7.6 46.3 53.6 -7.3 44.9 52.6 -7.7Edmonton 43.4 47.3 -3.9 42.5 46.8 -4.3 44.3 48.0 -3.7 43.4 47.7 -4.3Regina 39.1 40.5 -1.4 38.1 39.9 -1.8 41.6 43.4 -1.8 40.8 42.5 -1.7Saskatoon 37.8 34.1 3.7 37.3 33.9 3.4 39.8 36.0 3.8 39.2 35.8 3.4Winnipeg 54.1 58.1 -4.0 52.5 56.5 -4.0 57.0 61.4 -4.4 55.4 59.7 -4.3Hamilton-Burlington 59.5 65.7 -6.2 57.1 63.8 -6.7 61.6 67.2 -5.6 59.7 66.0 -6.3Kitchener-Waterloo 64.5 71.3 -6.8 63.0 69.1 -6.1 67.2 75.1 -7.9 65.5 72.2 -6.7London and St Thomas 72.2 75.5 -3.3 70.3 73.7 -3.4 75.6 79.4 -3.8 73.7 77.2 -3.5Niagara Region 56.7 68.2 -11.5 54.6 67.0 -12.4 59.4 71.4 -12.0 57.3 69.9 -12.6Ottawa 63.5 58.7 4.8 63.3 58.6 4.7 67.7 62.4 5.3 67.5 61.9 5.6Sudbury 53.6 47.6 6.0 52.5 47.6 4.9 61.8 55.2 6.6 60.6 54.8 5.8Thunder Bay 66.4 62.7 3.7 63.9 60.7 3.2 71.8 68.6 3.2 68.7 65.7 3.0Greater Toronto† 49.7 53.6 -3.9 47.9 51.1 -3.2 49.9 53.8 -3.9 47.9 51.1 -3.2Windsor-Essex 68.5 68.2 0.3 69.1 72.8 -3.7 74.3 75.1 -0.8 74.0 76.9 -2.9Trois Rivières CMA 56.2 55.1 1.1 55.6 55.5 0.1 59.7 58.8 0.9 59.5 59.2 0.3Montreal CMA 65.9 59.3 6.6 65.6 59.0 6.6 68.2 61.4 6.8 68.0 61.0 7.0Gatineau CMA 53.0 47.5 5.5 52.7 47.3 5.4 56.8 50.7 6.1 56.1 50.6 5.5Quebec CMA 48.9 49.6 -0.7 48.5 49.2 -0.7 51.3 52.0 -0.7 50.7 51.4 -0.7Saguenay CMA 45.1 42.1 3.0 44.7 41.5 3.2 47.6 43.4 4.2 46.7 43.6 3.1Sherbrooke CMA 55.9 52.7 3.2 56.9 53.2 3.7 59.4 55.9 3.5 60.6 56.4 4.2Saint John 44.9 41.9 3.0 44.8 40.5 4.3 51.7 49.5 2.2 51.1 47.6 3.5Halifax-Dartmouth 58.8 52.9 5.9 57.3 51.3 6.0 63.4 57.5 5.9 62.5 55.7 6.8Newfoundland & Labrador 28.5 31.6 -3.1 27.0 29.6 -2.6 32.7 36.1 -3.4 31.0 33.9 -2.9Canada 52.3 56.1 -3.8 50.8 54.7 -3.9 54.9 59.0 -4.1 53.3 57.3 -4.0




Sales as a Percentage of New Listings over MLS® Systems of Select Canadian Real Estate Boards & Associations

Sales as a Percentage of New Listings


October 2018


percentage change


percentage change


percentage change


percentage change

British Columbia 4,702.3 4,763.0 -1.3 4,648.2 6,592.7 -29.5 4,456.8 4,483.4 -0.6 4,421.8 6,248.9 -29.2Alberta 1,788.6 1,905.4 -6.1 1,752.8 1,941.5 -9.7 1,626.9 1,735.1 -6.2 1,599.9 1,784.7 -10.4Saskatchewan 265.8 260.1 2.2 269.1 274.5 -2.0 243.1 241.7 0.6 247.0 250.4 -1.4Manitoba 351.9 350.8 0.3 360.2 320.2 12.5 339.0 334.3 1.4 340.9 304.0 12.1Ontario 9,999.9 10,213.2 -2.1 10,542.1 9,911.5 6.4 9,712.7 9,865.4 -1.5 10,216.5 9,613.5 6.3Quebec 2,466.0 2,465.2 0.0 2,410.8 2,052.6 17.4 2,295.5 2,320.6 -1.1 2,230.4 1,916.2 16.4New Brunswick 129.5 128.2 1.0 129.7 118.3 9.6 123.0 123.4 -0.3 122.0 111.3 9.6Nova Scotia 207.8 245.9 -15.5 204.0 205.3 -0.7 198.5 232.5 -14.6 193.0 196.8 -1.9Prince Edward Island 41.9 43.3 -3.1 46.9 47.8 -2.0 37.3 35.4 5.4 41.5 40.3 3.0Newfoundland & Labrador 72.6 77.3 -6.1 94.0 110.1 -14.6 72.2 74.9 -3.7 92.6 106.9 -13.4Northwest Territories 10.2 9.8 4.2 11.1 15.0 -26.0 9.9 9.3 5.7 11.1 15.0 -26.0Yukon 13.6 6.9 95.7 12.4 15.2 -18.2 12.0 7.2 66.9 12.4 13.8 -9.7Canada 20,050.2 20,469.3 -2.0 20,481.5 21,604.8 -5.2 19,126.8 19,463.3 -1.7 19,529.2 20,601.9 -5.2


percentage change


percentage change


percentage change


percentage change

British Columbia 6,915 6,811 1.5 6,924 9,323 -25.7 6,429 6,338 1.4 6,411 8,679 -26.1Alberta 4,528 4,747 -4.6 4,472 4,798 -6.8 4,194 4,429 -5.3 4,203 4,522 -7.1Saskatchewan 904 924 -2.2 947 975 -2.9 839 859 -2.3 877 895 -2.0Manitoba 1,221 1,221 0.0 1,252 1,151 8.8 1,147 1,145 0.2 1,159 1,067 8.6Ontario 17,337 17,746 -2.3 18,227 18,002 1.2 16,551 16,925 -2.2 17,362 17,169 1.1Quebec 7,922 7,942 -0.3 7,570 6,735 12.4 7,460 7,503 -0.6 7,053 6,268 12.5New Brunswick 783 746 5.0 830 790 5.1 725 684 6.0 748 691 8.2Nova Scotia 974 1,074 -9.3 993 991 0.2 829 951 -12.8 840 870 -3.4Prince Edward Island 251 203 23.6 287 244 17.6 195 162 20.4 216 178 21.3Newfoundland & Labrador 303 318 -4.7 402 457 -12.0 292 295 -1.0 387 427 -9.4Northwest Territories 21 22 -4.5 26 35 -25.7 21 22 -4.5 26 35 -25.7Yukon 32 20 60.0 31 42 -26.2 29 20 45.0 31 38 -18.4Canada 41,191 41,774 -1.4 41,961 43,543 -3.6 38,711 39,333 -1.6 39,313 40,839 -3.7

* in millions of dollars



Total1 Residential

Dollar Volume & Sales Activity over MLS® Systems of Canadian Real Estate Boards & Associations

Dollar Volume*

s.a.2 nsa3

ResidentialTotal1

s.a.2 nsa3

s.a.2 nsa3 s.a.2 nsa3

Sales Activity

October 2018


percentage change


percentage change


percentage change


percentage change

British Columbia 14,886 14,869 0.1 13,985 12,927 8.2 13,041 13,042 0.0 12,421 11,420 8.8Alberta 10,556 10,818 -2.4 9,340 9,434 -1.0 9,439 9,630 -2.0 8,379 8,515 -1.6Saskatchewan 2,444 2,419 1.0 2,252 2,492 -9.6 2,110 2,087 1.1 1,936 2,102 -7.9Manitoba 2,280 2,396 -4.8 2,104 2,107 -0.1 2,026 2,133 -5.0 1,870 1,871 -0.1Ontario 31,147 31,744 -1.9 30,989 30,587 1.3 29,027 29,484 -1.5 28,912 28,553 1.3Quebec 13,475 13,420 0.4 13,955 13,827 0.9 11,943 11,817 1.1 12,325 12,102 1.8New Brunswick 1,465 1,531 -4.3 1,253 1,322 -5.2 1,138 1,198 -5.0 993 1,046 -5.1Nova Scotia 1,927 1,928 -0.1 1,697 1,716 -1.1 1,455 1,537 -5.3 1,246 1,385 -10.0Prince Edward Island 434 403 7.7 353 315 12.1 276 264 4.5 232 202 14.9Newfoundland & Labrador 1,088 1,248 -12.8 1,096 1,016 7.9 910 1,001 -9.1 903 853 5.9Northwest Territories 23 29 -20.7 14 20 -30.0 23 29 -20.7 14 19 -26.3Yukon 53 29 82.8 46 40 15.0 49 25 96.0 45 39 15.4Canada 79,778 80,834 -1.3 77,084 75,803 1.7 71,437 72,247 -1.1 69,276 68,107 1.7


percentage change


percentage change


percentage change


percentage change

British Columbia 692,713 708,105 -2.2 671,318 707,139 -5.1 712,329 720,010 -1.1 689,719 720,005 -4.2Alberta 397,032 400,013 -0.7 391,951 404,649 -3.1 385,372 387,090 -0.4 380,664 394,662 -3.5Saskatchewan 291,078 284,264 2.4 284,142 281,572 0.9 288,241 279,905 3.0 281,660 279,791 0.7Manitoba 291,785 283,593 2.9 287,736 278,186 3.4 296,199 291,265 1.7 294,112 284,952 3.2Ontario 570,926 572,450 -0.3 578,381 550,579 5.0 580,008 580,029 0.0 588,440 559,936 5.1Quebec 312,405 312,209 0.1 n/a n/a - 315,373 312,775 0.8 320,156 303,696 5.4New Brunswick 165,142 170,798 -3.3 156,283 149,793 4.3 169,922 179,584 -5.4 163,111 161,095 1.3Nova Scotia 215,643 222,273 -3.0 205,450 207,212 -0.9 237,834 238,421 -0.2 229,770 226,171 1.6Prince Edward Island 163,328 190,614 -14.3 163,328 196,055 -16.7 192,014 215,049 -10.7 192,014 226,317 -15.2Newfoundland & Labrador 241,522 250,378 -3.5 233,953 240,842 -2.9 245,328 254,866 -3.7 239,373 250,462 -4.4Northwest Territories 427,371 462,578 -7.6 427,371 428,913 -0.4 427,371 462,578 -7.6 427,371 428,913 -0.4Yukon 392,683 319,745 22.8 401,491 362,092 10.9 395,028 322,704 22.4 401,491 362,733 10.7Canada 491,245 493,352 -0.4 488,107 496,172 -1.6 498,515 499,372 -0.2 496,763 504,465 -1.5

* Provincial weighted residential average price for Quebec (provided by Québec Federation of Real Estate Boards); does not affect weighted and unweighted national average price calculations. Information on Quebec's weighted average price calculation can be found at: http://www.fciq.ca/pdf/Carrefour/definitions/en/prix_moyen_pondere_a.pdf



Average Price*


nsa3 s.a.2 nsa3

New Listings

New Listings and Average Sale Price over MLS® Systems of Canadian Real Estate Boards & Associations

Total1 Residentials.a.2

October 2018


change

British Columbia 46.5 45.8 0.7 53.2 65.8 -12.6 49.3 48.6 0.7 55.5 69.2 -13.7Alberta 42.9 43.9 -1.0 43.8 47.1 -3.3 44.4 46.0 -1.6 45.8 49.0 -3.2Saskatchewan 37.0 38.2 -1.2 36.8 35.8 1.0 39.8 41.2 -1.4 39.5 38.6 0.9Manitoba 53.6 51.0 2.6 52.3 55.9 -3.6 56.6 53.7 2.9 55.1 59.2 -4.1Ontario 55.7 55.9 -0.2 56.2 60.9 -4.7 57.0 57.4 -0.4 57.7 62.4 -4.7Quebec 58.8 59.2 -0.4 57.0 52.5 4.5 62.5 63.5 -1.0 60.8 55.7 5.1New Brunswick 53.4 48.7 4.7 50.1 46.4 3.7 63.7 57.1 6.6 58.6 54.3 4.3Nova Scotia 50.5 55.7 -5.2 53.7 47.4 6.3 57.0 61.9 -4.9 60.8 53.7 7.1Prince Edward Island 57.8 50.4 7.4 58.0 58.0 0.0 70.7 61.4 9.3 68.2 68.7 -0.5Newfoundland & Labrador 27.8 25.5 2.3 29.6 31.5 -1.9 32.1 29.5 2.6 33.6 36.1 -2.5Northwest Territories 91.3 75.9 15.4 68.4 71.8 -3.4 91.3 75.9 15.4 68.9 72.7 -3.8Yukon 60.4 69.0 -8.6 67.1 77.5 -10.4 59.2 80.0 -20.8 71.9 82.5 -10.6Canada 51.6 51.7 -0.1 52.8 56.4 -3.6 54.2 54.4 -0.2 55.3 59.1 -3.8


change

British Columbia 5.0 4.9 0.1 5.5 4.2 1.3 5.4 5.3 0.1 4.3 3.2 1.1Alberta 7.4 7.0 0.4 8.2 7.1 1.1 7.9 7.5 0.4 7.1 6.2 0.9Saskatchewan 9.6 9.5 0.1 12.0 11.3 0.7 10.4 10.2 0.2 10.0 9.4 0.6Manitoba 4.0 4.0 0.0 5.0 4.5 0.5 4.2 4.3 -0.1 4.1 3.6 0.5Ontario 2.6 2.5 0.1 3.3 2.7 0.6 2.7 2.6 0.1 2.7 2.2 0.5Quebec 7.9 8.0 -0.1 10.8 12.2 -1.4 8.4 8.4 0.0 9.1 10.5 -1.4New Brunswick 6.6 7.1 -0.5 12.1 12.9 -0.8 7.2 7.8 -0.6 8.2 9.0 -0.8Nova Scotia 6.8 6.0 0.8 11.0 13.3 -2.3 7.9 6.8 1.1 7.3 9.1 -1.8Prince Edward Island 3.8 4.6 -0.8 11.0 13.0 -2.0 4.9 5.8 -0.9 5.5 6.9 -1.4Newfoundland & Labrador 17.0 16.2 0.8 20.4 18.1 2.3 17.7 17.5 0.2 15.7 13.5 2.2Northwest Territories 6.0 5.6 0.4 5.5 5.6 -0.1 6.0 5.6 0.4 5.0 5.3 -0.3Yukon 4.3 6.0 -1.7 5.7 5.2 0.5 4.8 6.0 -1.2 4.2 3.8 0.4Canada 5.0 4.9 0.1 6.4 5.8 0.6 5.3 5.2 0.1 5.2 4.7 0.5

*Actual (not seasonally adjusted) data for sales‐to‐new listings ratios and months of inventory are based on a 12‐month moving average



nsa3 s.a.2 nsa3

Months of Inventory and Sales as a Percentage of New Listings over MLS® Systems of Canadian Real Estate Boards & Associations

Sales as a Percentage of New

Listings*

Total1 Residentials.a.2

Months of Inventory*





change

British Columbia 49,805.0 63,171.4 -21.2 52,563.7 66,874.2 -21.4 47,665.3 60,174.2 -20.8 49,717.1 63,821.8 -22.1Alberta 18,798.3 20,023.2 -6.1 19,949.0 21,651.5 -7.9 17,290.1 18,764.9 -7.9 18,334.8 20,059.6 -8.6Saskatchewan 2,750.1 2,918.9 -5.8 2,879.5 3,095.4 -7.0 2,488.2 2,674.8 -7.0 2,624.6 2,854.1 -8.0Manitoba 3,468.7 3,610.6 -3.9 3,687.3 3,864.1 -4.6 3,304.6 3,447.7 -4.2 3,537.3 3,696.0 -4.3Ontario 92,404.9 110,681.1 -16.5 98,495.2 117,818.2 -16.4 89,334.3 107,176.6 -16.6 95,505.9 114,511.1 -16.6Quebec 23,336.8 21,329.4 9.4 24,173.2 22,083.5 9.5 21,783.9 19,892.6 9.5 22,653.8 20,672.5 9.6New Brunswick 1,283.9 1,170.9 9.7 1,330.0 1,249.1 6.5 1,219.0 1,104.0 10.4 1,273.2 1,196.3 6.4Nova Scotia 2,284.0 2,090.0 9.3 2,453.3 2,230.7 10.0 2,172.9 2,001.5 8.6 2,333.5 2,140.7 9.0Prince Edward Island 403.7 409.8 -1.5 427.8 428.9 -0.3 356.8 366.1 -2.5 376.2 383.9 -2.0Newfoundland & Labrador 801.7 859.8 -6.8 828.9 873.6 -5.1 776.2 819.6 -5.3 800.1 835.2 -4.2Northwest Territories 87.8 93.5 -6.1 94.2 99.8 -5.5 87.0 91.7 -5.1 93.7 98.8 -5.1Yukon 110.1 126.8 -13.2 122.3 133.3 -8.3 104.5 119.9 -12.9 117.0 126.7 -7.7Canada 195,535.0 226,485.3 -13.7 207,004.4 240,402.2 -13.9 186,583.0 216,633.8 -13.9 197,367.3 230,396.7 -14.3



change

British Columbia 71,734 91,640 -21.7 75,097 96,845 -22.5 66,365 85,318 -22.2 69,668 90,282 -22.8Alberta 46,994 49,053 -4.2 49,806 52,891 -5.8 44,390 46,736 -5.0 47,108 50,138 -6.0Saskatchewan 9,305 9,815 -5.2 9,801 10,352 -5.3 8,631 9,087 -5.0 9,131 9,683 -5.7Manitoba 12,108 12,747 -5.0 12,878 13,620 -5.4 11,357 11,998 -5.3 12,091 12,840 -5.8Ontario 166,886 193,069 -13.6 175,539 203,828 -13.9 158,325 183,667 -13.8 167,773 194,559 -13.8Quebec 76,231 72,688 4.9 79,413 75,496 5.2 71,718 68,273 5.0 74,792 71,087 5.2New Brunswick 7,582 7,365 2.9 7,898 7,812 1.1 6,880 6,583 4.5 7,198 7,094 1.5Nova Scotia 10,274 9,760 5.3 10,989 10,272 7.0 9,190 8,753 5.0 9,797 9,254 5.9Prince Edward Island 2,176 2,284 -4.7 2,338 2,390 -2.2 1,702 1,802 -5.5 1,798 1,889 -4.8Newfoundland & Labrador 3,325 3,479 -4.4 3,398 3,526 -3.6 3,120 3,248 -3.9 3,195 3,305 -3.3Northwest Territories 206 225 -8.4 220 248 -11.3 205 225 -8.9 219 246 -11.0Yukon 305 356 -14.3 328 375 -12.5 289 341 -15.2 314 362 -13.3Canada 407,126 452,481 -10.0 427,705 477,655 -10.5 382,172 426,031 -10.3 403,084 450,739 -10.6

* in millions of dollars



Dollar Volume & Sales Activity over MLS® Systems of Canadian Real Estate Boards & Associations

Dollar Volume*


Sales Activity





change

British Columbia 138,054 137,228 0.6 150,914 151,200 -0.2 121,594 120,852 0.6 134,354 134,313 0.0Alberta 109,472 105,360 3.9 118,711 115,145 3.1 98,855 96,395 2.6 107,570 104,919 2.5Saskatchewan 25,529 27,582 -7.4 27,429 29,377 -6.6 22,115 23,578 -6.2 23,846 25,416 -6.2Manitoba 23,243 22,745 2.2 25,510 24,973 2.2 20,682 20,201 2.4 22,693 22,217 2.1Ontario 298,003 322,780 -7.7 322,988 351,117 -8.0 274,730 298,438 -7.9 300,206 327,559 -8.4Quebec 134,456 138,430 -2.9 140,918 144,923 -2.8 118,659 122,554 -3.2 124,395 128,488 -3.2New Brunswick 15,050 16,010 -6.0 16,275 17,221 -5.5 11,601 12,094 -4.1 12,685 13,358 -5.0Nova Scotia 19,127 20,451 -6.5 21,108 22,224 -5.0 15,316 16,120 -5.0 16,562 17,606 -5.9Prince Edward Island 3,662 3,830 -4.4 4,193 4,221 -0.7 2,460 2,493 -1.3 2,723 2,787 -2.3Newfoundland & Labrador 11,672 11,015 6.0 12,593 11,895 5.9 9,527 8,997 5.9 10,301 9,751 5.6Northwest Territories 314 319 -1.6 352 347 1.4 313 312 0.3 347 338 2.7Yukon 444 456 -2.6 503 495 1.6 402 409 -1.7 450 448 0.4Canada 779,026 806,206 -3.4 841,494 873,138 -3.6 696,254 722,443 -3.6 756,132 787,200 -3.9



change

British Columbia 698,660 683,909 2.2 699,945 690,528 1.4 710,872 699,546 1.6 713,629 706,916 0.9Alberta 399,073 404,999 -1.5 400,534 409,360 -2.2 388,368 397,993 -2.4 389,208 400,087 -2.7Saskatchewan 294,518 296,665 -0.7 293,800 299,014 -1.7 286,814 292,990 -2.1 287,436 294,758 -2.5Manitoba 283,431 281,615 0.6 286,325 283,708 0.9 289,782 285,454 1.5 292,556 287,848 1.6Ontario 558,072 571,443 -2.3 561,102 578,028 -2.9 566,281 582,765 -2.8 569,257 588,567 -3.3Quebec 305,906 293,753 4.1 n/a n/a - 307,088 291,800 5.2 306,543 291,224 5.3New Brunswick 168,102 158,097 6.3 168,395 159,892 5.3 175,519 166,237 5.6 176,883 168,628 4.9Nova Scotia 221,584 212,534 4.3 223,249 217,162 2.8 235,219 227,324 3.5 238,185 231,330 3.0Prince Edward Island 186,041 180,250 3.2 182,958 179,450 2.0 209,779 203,888 2.9 209,246 203,229 3.0Newfoundland & Labrador 242,882 246,658 -1.5 243,930 247,747 -1.5 248,807 251,998 -1.3 250,437 252,722 -0.9Northwest Territories 423,945 395,564 7.2 428,367 402,284 6.5 423,497 394,823 7.3 427,925 401,449 6.6Yukon 360,328 353,313 2.0 372,745 355,488 4.9 362,511 345,617 4.9 372,676 350,058 6.5Canada 482,148 497,578 -3.1 483,989 503,297 -3.8 487,229 504,938 -3.5 489,643 511,153 -4.2

* Provincial weighted residential average price for Quebec (provided by Québec Federation of Real Estate Boards); does not affect weighted and unweighted national average price calculations. Information on Quebec's weighted average price calculation can be found at: http://www.fciq.ca/pdf/Carrefour/definitions/en/prix_moyen_pondere_a.pdf



New Listings and Average Sale Price over MLS® Systems of Canadian Real Estate Boards & Associations

New Listings


Average Price*




British Columbia 52.0 66.8 -14.8 49.8 64.1 -14.3 54.6 70.6 -16.0 51.9 67.2 -15.3Alberta 42.9 46.6 -3.7 42.0 45.9 -3.9 44.9 48.5 -3.6 43.8 47.8 -4.0Saskatchewan 36.4 35.6 0.8 35.7 35.2 0.5 39.0 38.5 0.5 38.3 38.1 0.2Manitoba 52.1 56.0 -3.9 50.5 54.5 -4.0 54.9 59.4 -4.5 53.3 57.8 -4.5Ontario 56.0 59.8 -3.8 54.3 58.1 -3.8 57.6 61.5 -3.9 55.9 59.4 -3.5Quebec 56.7 52.5 4.2 56.4 52.1 4.3 60.4 55.7 4.7 60.1 55.3 4.8New Brunswick 50.4 46.0 4.4 48.5 45.4 3.1 59.3 54.4 4.9 56.7 53.1 3.6Nova Scotia 53.7 47.7 6.0 52.1 46.2 5.9 60.0 54.3 5.7 59.2 52.6 6.6Prince Edward Island 59.4 59.6 -0.2 55.8 56.6 -0.8 69.2 72.3 -3.1 66.0 67.8 -1.8Newfoundland & Labrador 28.5 31.6 -3.1 27.0 29.6 -2.6 32.7 36.1 -3.4 31.0 33.9 -2.9Northwest Territories 65.6 70.5 -4.9 62.5 71.5 -9.0 65.5 72.1 -6.6 63.1 72.8 -9.7Yukon 68.7 78.1 -9.4 65.2 75.8 -10.6 71.9 83.4 -11.5 69.8 80.8 -11.0Canada 52.3 56.1 -3.8 50.8 54.7 -3.9 54.9 59.0 -4.1 53.3 57.3 -4.0


British Columbia 4.2 2.9 1.3 5.7 4.0 1.7 4.6 3.2 1.4 4.5 3.1 1.4Alberta 6.9 6.0 0.9 8.2 6.9 1.3 7.3 6.3 1.0 7.2 6.0 1.2Saskatchewan 9.4 8.8 0.6 11.8 11.0 0.8 10.1 9.5 0.6 9.8 9.2 0.6Manitoba 3.9 3.4 0.5 5.0 4.4 0.6 4.2 3.6 0.6 4.1 3.5 0.6Ontario 2.7 2.2 0.5 3.2 2.7 0.5 2.8 2.3 0.5 2.7 2.2 0.5Quebec 8.5 9.8 -1.3 10.4 11.8 -1.4 9.0 10.4 -1.4 8.7 10.1 -1.4New Brunswick 7.3 7.7 -0.4 11.7 12.4 -0.7 8.1 8.7 -0.6 7.9 8.7 -0.8Nova Scotia 6.7 8.0 -1.3 10.6 12.6 -2.0 7.5 8.9 -1.4 7.0 8.6 -1.6Prince Edward Island 4.3 5.1 -0.8 10.5 12.2 -1.7 5.5 6.5 -1.0 5.2 6.3 -1.1Newfoundland & Labrador 14.3 12.0 2.3 21.1 19.0 2.1 15.2 12.8 2.4 16.1 14.3 1.8Northwest Territories 5.1 5.3 -0.2 5.7 5.5 0.2 5.2 5.3 -0.1 5.2 5.1 0.1Yukon 4.0 3.4 0.6 5.5 4.8 0.7 4.2 3.6 0.6 4.0 3.5 0.5Canada 5.0 4.5 0.5 6.3 5.7 0.6 5.3 4.8 0.5 5.2 4.6 0.6



Months of Inventory and Sales as a Percentage of New Listings over MLS® Systems of Canadian Real Estate Boards & Associations

Sales as a Percentage of New

Listings


Months of Inventory


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