Due to the thanksgiving long weekend, our appointment centre saw a 6.7% decrease in weekly appointments, one of the largest drops week-over-week for the same period over the last 6 years.
Friday returned as our busiest day with a total of 586 appointments that day alone. Despite the weekly decrease in appointments, our monthly numbers show a 24.6% increase in total monthly appointments so far when compared to October 1-19, 2023.
The appointment/sold index jumped from 9.5 to 11.5 this week, showing new buyers entering the market in anticipation of this week’s substantial rate cut by The Bank of Canada.
For the second week in a row, the $1-2M range occupies the top spot in Niagara, Halton, and Hamilton. Halton is still seeing our higher ranges as most popular. Hamilton remained fairly consistent to previous weeks with ranges between $500k and $800k occupying most of the chart. Finally, our Niagara region saw the $350-400k range climb to #3, tied with the higher $600-650k range.