Only 2 Canadian Real Estate Markets Are Seeing Improved Demand.
A popular real estate ratio to gauge where a market currently stands is the Sales to New Listings Ratio. Essentially, how many homes / condos sell vs how many come onto the market. Anything above 60% is considered a “sellers market” meaning there’s more demand than supply.
As you can see on the chart below,Ottawa was one of only two cities across Canada that saw an increased level of demand (63% October 2017 up to 69% October 2018) compared to the rest of the country.
You can read the entire article by Better Dwelling here.