1:34 PM Apr 4, 2023
Those new listings bring the total number of active listings now to 4,530, up 2.8% from the 4,406 total last month. Once more, that measure is still below this time last year and the 10-year average. A sales-to-active-listings ratio below 12% is typically viewed as a buyers’ market, while a ratio over 20% is viewed as favouring sellers, with anything in between an indicator of healthy balance.
“As in all regions across the province and the country, low supply is still an issue and a primary factor driving price growth,” FVREB says.
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