Our Current Housing Market
The median (not the average) price of a two-storey home during the third quarter decreased 4.3 per cent year-over-year to $387,830.
Bungalows prices rose slightly during the same period, up 0.9 per cent to $334,087.
Year-to-date, sales in the city are up seven per cent to 2,855 from 2,677, while listings have fallen two per cent to 6,393 from 6,520.
Although sales might be up, home prices (according to this chart from CREA) are down from last year, but have increased slightly since January.