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CORE Quarterly Q2 2018

CORE Quarterly // Jul 09, 2018

THE SECOND QUARTER OF THE YEAR SHOWED A RELATIVELY COOL MARKET. Inventory has grown quarter to quarter and year to year, while the number of closings across all unit types are down an average of 16% year to year. With the average negotiation rates in condos at 5%, and 8% in new developments, it is still a buyer’s market. Throughout the quarter, we have seen smaller units selling much faster than large, over-priced condos, and price cuts in both resale and new development listings. As a result, we see many developers building smaller units – new development studios went from 3% of the market share last year to 8% today. Downtown is still the most active area, in terms of both inventory and closings. There have been a breadth of new developments launching sales downtown, continuing to transform the area and draw residents further south.

Founder and CEO


Founder and CEO
Lic. RE Broker


Director of Research and Analytics