Major Canadian Real Estate Markets That Reopened See Inventory Explode Higher (via Better Dwelling)

The Canadian real estate market is starting to see sellers return, especially in post-lockdown regions. Canadian Real Estate Association (CREA) data shows the sales to new listings ratio (SNLR) fell across Canada in May. The entire drop was due to inventory rising much faster than sales, in regions where the lockdown has been mostly lifted.

Analyzing sales or listings by itself gives important macroeconomic information. It doesn’t tell anyone a lot about how hot or cold the market is. Instead, you need to compare the number of new listings hitting the market, in contrast to the number of units sold. That’s what the sales to new listings ratio (SNLR) is – the ratio of sales, in contrast to listings...

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