Canadian Real Estate Is Seeing Home Buyers Fall Faster Than Sellers

Image by Kevan Craft from Pixabay

The sales to new listings ratio (SNLR) is the number of home sales compared to new listings. It’s one way to gauge the strength of supply and tells us how quickly inventory is being replaced. Better-supplied markets, where inventory grows much faster than buyers, often see prices fall. Likewise, a tight market with few sellers and many buyers will see prices rise.

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