Peter Kusch

Detached

Detached sales reached 823 in November, slightly below last year but typical for the month. Fewer new listings reduced inventory from October, though levels remain higher than last year and in line with long-term averages. Months of supply held near three, indicating balanced conditions. Prices dipped month over month due to seasonal factors, with the detached benchmark at $733,000—about 2 per cent lower than last November.

Semi-Detached

November sales were similar to last year and remained above long-term norms, but higher-than-usual new listings pushed inventory to a five-year November high. After several tight months, supply has now held above three months for three consecutive months, creating more balanced conditions. The unadjusted benchmark price dipped slightly from October but held steady year-over-year at $671,700.

Row

November sales slipped to 257, but remain above long-term norms given last year’s record high. The bigger change is on the supply side: new listings matched last year, and inventories—though seasonally lower—reached their highest November level since 2018. This added supply has kept the months of supply elevated, putting downward pressure on prices. The November benchmark fell to $424,400, down from last month and more than six per cent below last year.

Apartment