Highlights from OREA’s market insights for May 2016 include:
- Residential sales up 9.3% in May 2016 compared to a year earlier.
- New listings in Ontario numbered 40,432 units in May 2016, a decrease of 7.9% compared to last year.
- The provincial average price of homes in May 2016 rose 12.8% compared to a year earlier.
- There were just 1.9 months of inventory at the end of May 2016.