Appointments are up from last week by 12.2%, and up 42.7% compared to the same time frame last year!
The sold to appointment index has fallen nearly 5 points, indicating that buyers are reacting to the shrinking mortgage commitment window from their financial institutions, due to the new stress test regulations.
Popular price points in Hamilton went up, with $900k-1M price range taking the top spot followed by mid-high price ranges. Burlington saw a slight shuffle, with $2M+ price ranges falling off the top five and the more affordable $350-400k price ranges finding it’s way to the #4 spot. Niagara is seeing some higher price ranges enter the top five, with $750-800k and $1-2M price ranges taking the #3 and #5 spots, respectively.