October numbers are in and it appears the market could be shifting to a balanced state, generally speaking. To be sure we'll have to see how the rest of the year plays out. It as been quite some time since anyone has considered our market to be balanced.

“With properties coming to market at a rate roughly five per cent above the ten-year seasonal average, there seems to be a continuation of the renewed interest on the part of sellers to participate in the market that we’ve been watching this fall,” Andrew Lis, REBGV’s director of economics and data analytics said. “Counterbalancing this increase in supply, however, is the fact sales remain almost 30 per cent below their ten-year seasonal average, which tells us demand is not as strong as we might…

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