MLS Real Estate Sales Frenzy Canada Wide

Posted by Brian Ripley's Canadian Real Estate Charts

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Anyone owning a SFD in the scorching hot Vancouver-Toronto market is sitting on an unredeemed lottery ticket.

In May 2016 Canada’s big city metro SFD prices all advanced M/M with the Vancouver and Toronto bulls posting new peak prices not only in the single family detached space but also in the townhouse and condo sectors as well. The national MLS sales volume also hit a new bizzaro high. 


The chart above shows the average detached housing prices for Vancouver, Calgary, Edmonton, Toronto*, Ottawa* and Montréal* (the six Canadian cities with over a million people) as well as the average of the sum of VancouverCalgary and Toronto condo (apartment) prices on the left axis. On the right axis is the seasonally adjusted annualized rate (SAAR) of MLS® Residential Sales across Canada (one month lag).

…for a larger chart, more analysis and rental information go HERE

related: Vancouver’s Affordability Freak Show