Peter Kusch

Detached

New listings rose to 2,195 units in May, while sales totalled 1,192, lowering the sales-to-new-listings ratio to 54%. Inventory increased but remained 3% below last year's level. With 2.5 months of supply, market conditions remained balanced, supporting stable prices. Year-to-date sales are down 4%, though activity improved in the under-$600,000 and over-$1.5 million segments. The detached home price of $747,800 is 2.4% lower than at the same time last year. Prices declined the most in the Northeast (down 7% year-over-year), while the West remained stable.

Semi-Detached

Sales (217) and new listings (375) remained steady in May, resulting in a 58% sales-to-new-listings ratio. Inventory improved modestly, with supply remaining just under three months. The benchmark price rose to $691,100, up from January but 1% below last year's level. Prices generally trended higher across the city, with the North West and West districts reaching new record highs.

Row

Sales slowed to 350 units in May, contributing to a 16% year-to-date decline. With 695 new listings, the sales-to-new-listings ratio fell to 50%, pushing supply above three months. Despite increased supply, prices continued to recover from earlier this year. The benchmark price reached $422,300, though it remained 6% below last year's level. The largest declines occurred in the North East and East districts, while the West recorded the smallest drop.

Apartment