"Bank of Canada rate increases, tougher lending rules and pipeline delays continue to weigh on the market. With inventories piling up downward pressure on prices will continue, so before making any decisions seek the expertise of a professional and be fully informed on pricing and mortgage approvals." Susi Woulds, Remax Landan
July Market Data:
. Total Sales: 1,547, down 4.80% year over year.
. New Listings: 2,964, down .47% year over year.
. Total Listings: 8,450, up 26.19% year over year.
. Average Days on Market: 52, up from 43 last year.
Benchmark Sale Prices:
. Detached House: $501,300, down 2.11% year over year.
. TownHouse Condo: $330,900, down 1.61% year over year.
. Apartment Condo: $259,700, down 2.44% year over year.