What a year 2022 has been!! It has definitely been the tale of 2 markets, hence the ‘22. Appointments in Q1 came on strong, and began to slide right when the Bank of Canada announced its first 0.25 bases point increase at the end of March. Once June hit, appointments began to level off, and took on a more seasonal and historical pattern, as they did in 2019 and in the later half of 2020.
By the end of the year appointments were down 24% from last year, which mirrored the YTD unit sales in our trading areas. Our appointment centre data continues to be a trusted source of market information, where we saw an influx in appointment activity in November (39.3 appointment/sold index) which lead to sales in December, and a reduction in inventory which saw the lowest appointment/sold index of 6.3 in our company’s history.