The number of appointments last week has dipped slightly by under 2 percent. Overall, the gap between the number of appointments in the first 4 weeks of 2022 vs the same period in 2023 is slowly diminishing, with only 15% fewer appointments currently vs versus 17.4% fewer appointments for the firsts 3 weeks of 2022 compared to the same period this year.
The appointment/sold index dropped slightly to 9.1 during the week, a trend which we have seen for the last two weeks. It remains to be seen if last week's interest rate hold announcement by the BOC, will propel this buyer sentiment to enter the market in the weeks to come.
Our top five price ranges saw some interesting changes this week, mainly in Niagara where the most popular price ranges reflect a strong interest in lower price ranges with $350-400k at the top. The $1-2M price range is still present in the top five price ranges for all three regions but has dropped in popularity in Niagara. Halton saw the higher price ranges like $950k-1M and $2M+ increase in popularity slightly, and Hamilton remains fairly similar besides the $850-900k price range dropping from the chart altogether.
