Home Hazzards You Should Know About

Home health risks come in many shapes and forms. They can be found in the air, like smoke, radon, and carbon monoxide. They can also be found in household products, like water and dust, household chemicals, and lead.

Anything in your house that can move, fall, break, or cause a fire during an emergency is a home hazard. At least once each year, inspect your home to find these possible hazards, and remove or fix them.

1. Tripping hazards.
Remove throw rugs or scatter mats in high-traffic areas such as at the top or bottom of stairs, or use a non-skid backing with flat edges.

2- Electrical hazards.
Frayed extension cords, exposed wiring, or damaged electrical wiring should be replaced or fixed immediately.

3- Hanging objects.
Mirrors, framed pictures, and other objects should be hung from closed hooks so that they can't bounce off the walls.

4- Slippery surfaces.
Slippery surfaces on stairs, balconies, porches, and patios are a major hazard in many homes. Install non-slip surfaces where needed and keep an absorbent towel handy to wipe up moisture or spills immediately.

5- Dark areas.
Install a night light in the halls and bathroom in case you get up in the middle of the night. Install a light switch near stairs and bedroom entrances, or a motion-sensitive or “clapper” device that automatically turns on the light.

6. Stairs.
Make sure your stairs are in good repair, free of clutter, and have a non-skid surface.

7. Clogged dryer vents.
High-temperature air combined with lint is a near-ideal condition for a fire. Check and clear the dryer vent at least once a year.

8. Kitchen appliances.
An improperly installed appliance can fall forward if your child leans or climbs on it. Toddlers have been critically injured when they tipped over a stove and were doused with a pot of scalding water.  Make sure free-standing or slide-in appliances are installed with anti-tip brackets that secure the rear legs to the floor.

9. Sharp objects.
Keep glass objects and appliances with sharp blades stored out of reach of children.

10. Medicine and cleaning chemicals.
Keep vitamin or medicine bottles tightly closed and stored in a high cabinet far from reach. Make sure that cleaning supplies are locked out of the reach of children. Install safety latches on all cabinet doors.

11. Dirty faucet heads.
Kitchen and bath faucets often have built-in screens to spray the water evenly. Unfortunately, dirt and other contaminants can build up on these and, possibly, affect the quality of the water. Clean faucet heads regularly.

Being diligent about home safety takes a little more time, but if it prevents one injury or illness, it is worth the effort.

Tips on Saving for a Downpayment to Buy Your First Home

Buying your first home is a big decision that should be based on your current financial position and the impact a home loan will have on your finances and lifestyle.

For many first-time homebuyers, saving what is required for a down payment can seem overwhelming. However, saving for a down payment can be as simple as managing your budget differently.

Start with a goal.

One of the best ways to save is to have a goal. It will keep you motivated and give you something to work towards. For example, you may choose to save a 10% deposit plus expenses (usually 5%) for your first home. But the more you can save, the better off you’ll be. Find out how much you need to put aside in order to reach your savings goal.

Create a budget.

Write down how much money you bring home each month; write down the payment amounts for each of your monthly bills; subtract your expenses from your income to determine how much extra money you have each month.

Develop a culture of saving. 

Your first priority should be developing a culture of saving. This not only helps you in budgeting and planning for the future but also satisfies banks and other lending institutions that you have a clear commitment to save.

When you go shopping, ask yourself if you really need the item you are thinking of buying. If you don't need it, don't buy it. Put the money into your savings account instead. Remember that small amounts of money can add up to large sums over time.

Start an automatic saving plan.

Make saving automatic by setting up an automatic savings plan at your bank to regularly move a specific amount of money directly from your chequing account to a savings account. You’’ll be surprised at how much you can save and how quickly the “pay yourself first” approach adds up.
   


Borrow from your RRSPs.

If you qualify as a first-time homebuyer, you may be eligible for the government's Home Buyers' Plan (HBP). This allows you and your spouse or partner to withdraw up to $25,000 each from your Registered Retirement Saving Plans (RRSPs) to add to your down payment or to cover purchase-related costs. Best of all, you don't have to pay income tax on the funds, as long as you repay the total amount to your RRSP over the next 15 years. The repayment period starts the second year following the year you made your withdrawals. If the full $25,000 is withdrawn, the minimum annual repayment would be $1,666.

Take a holiday from tax. 

If you open a new Tax-Free Savings Account (TFSA), you won’t pay any tax on earnings, which will help you compound your savings. You can contribute up to $5,000 a year to a TFSA, and save for your down payment, tax-free. 
 


Review your mortgage options. 

Once you make the decision to purchase a property, the next choice is the type of loan to suit your budget. The two most common types of loans are the variable interest rate loan and the fixed interest rate loan. You can now choose to pay back your mortgage over 25 or 30 years, instead of the traditional 20-year amortization period. This means you will pay more interest over the long term, but you can reduce monthly payments to get into your starter home. You can always change this later, once your income rises and you can pay your mortgage down faster. 
 


Get into a starter house. 

Try to be as flexible as possible when choosing your first home. Unless you’re status-conscious, your first home doesn’t necessarily have to be your dream home. You could settle for a starter home, which you can afford with a small down payment and easy mortgage installments. There are plenty of lower-priced houses out there in need of repair, with some "Do-It-Yourself" projects where you can add more value to the house. Be careful not to buy a place where the cost of repairs will eat up any profits you might make when you sell.

In just a few years you will build enough equity in your starter home to make it easier for you to sell and move into to your dream home.

Buying your first home is an exciting process. After all, your home could be the largest asset you’’ll ever own. Being able to finance most of its cost will take a load off your back in the future.

9 Easy Ways to Create Curb Appeal for Your Home

Curb appeal is a term used to describe how your home looks from the exterior and how appealing it looks when viewed from the curb. This includes areas such as the lawn, patio, front door, exterior paint, trees, shrubs, and more. In a simpler sense, curb appeal is what the buyers initially see the moment they step out of their car.

 Curb appeal contributes greatly to the desirability of a home. Most real estate agents confirm that curb appeal can affect a buyer’s decision to purchase a home more than the square footage or the price of the home. It often means the difference between a house sitting for months or selling in a few weeks.

If your home is not particularly attractive from the outside, there are many ways to improve the curb appeal of your home without shelling out thousands of dollars in renovations. There are dozens of small, inexpensive home improvements that you can do to your house to add instant curb appeal. Adding curb appeal to your house not only makes it easier to sell but also gives your house that nice and finished look in which you can take pride.

The following steps will help to quickly create curb appeal for your home.

1. Tidy up. Make sure you don't have old rusty junk lying around the yard unless it is being used stylistically in a garden. Get rid of things that are just lying around. This would probably be the first step in improving the look of your lawn. Remove items such as old rope, boots, cracked pots, worn hoses, wrecked flower boxes, and other things.

 2. Trim up. Cut the grass and edge the borders with a weed trimmer. Take care to get rid of all weeds, including ones by the walls and around the mailbox post. Add a layer of mulch to cover up dull areas in the landscaping or flower beds.

 3. Build a healthy and green lawn. Adding some starter sod can make a big difference very quickly. Sod can be bought at lawn and garden stores and comes in rolls or squares. After you lay it across your yard, water it well and you'll immediately have a lawn, with roots taking hold within two weeks.

4. Add some colour to your yard. Planting flowers will enhance the curb appeal of your home. Buying colourful plants that have already started blooming will immediately make a difference. They can either be planted in pots or in the ground. Use your imagination and choose flowers that bloom in colours that look good with your home.

5. Paint. Giving your home (trim and shutters too) a new coat of paint easily breathes new life into its appearance. However, make sure you select a colour palette that matches the architectural style of your home. For example, if you live in a historic home, you’ll want to stick to an authentic palette.

6. Update your front door. Greet guests in style with an eye-catching front door that makes a statement. You can find exterior doors in a variety of materials from traditional wood to sturdy steel. The key is to select a door that suits your home’s architectural style. If your current door is in good condition, you can make it stand out by painting it a bold colour or adding windows, sidelights, mouldings, and more.

7. Illuminate paths and walkways with outdoor lighting. Install lighting fixtures that will complement the style of your home as well as help to create dramatic effects. Use fixtures with built-in motion detectors to enhance safety.

8. Add decorative accents. Top your exterior off with finishing flourishes such as trendy new house numbers that are clearly visible from the street. And while you’re at it, why not add a new mailbox? Or frame windows with new shutters?

9. Dress up your front porch or entry. Make sure you have an inviting place for potential buyers to sit and admire the landscaping. Even a small space has room for a chair or bench and a round table, or a stool to place a drink on. An outdoor accessory or two is fine, but keep it simple and uncluttered.

Keep in mind that simplicity is the key to creating curb appeal. A few flower beds that border and define walkways, curbs, and lawn areas and a few flower pots next to the home are often enough.

Remember: Breaking projects up into small, manageable chunks —as your time and budget allow—is the best way to go, because even just a few design tweaks can make a big impact on your home’s curb appeal.

Common Home Buying Mistakes

For most people, a home is the largest purchase they’ll ever make, so choosing the wrong property can have disastrous implications on your wallet and well-being. Buying a home is not an impulse buy. In most cases, you will have a few months’ notice before you actually go through with the sale. Planning ahead is critical particularly if you don't have extensive financial resources. Whether you’re a seasoned or first-time buyer, here are a few home-buying mistakes to avoid.

1. Altering your financial pictures prior to closing
Do not make any major purchases or move money around until you're settled in your new home. When you make a major purchase, you limit the amount of money available for your down payment and decrease the amount of liquid capital in your name. Also, moving your money around could make it more difficult for the lender to properly document and measure your finances. So leave your money where it is until after closing.

2. Getting too attached to one property
In competitive markets, you may have to put in offers on several properties before one is accepted. Some buyers get so infatuated with one property that a rejected offer hits them hard. It’s okay to feel anxious, but you need to be able to fall in and out of love during a home search. If you find a home that you think is perfect for you and you don’t get it, you can’t stay down too long. You have to recognize that wasn’t the house for you.

3. Skipping the home inspection
Home inspections are not required when buying a house and some sellers can rush the process and discourage an inspection. But buying a house without an inspection is extraordinarily risky because serious problems can exist with the electrical wiring, the plumbing, the roof, or the foundation. An inspector can identify problems before the closing, and you can then ask the seller to fix these problems. If you buy a house and skip the home inspection, you’re financially responsible for any problems that arise after closing.

4. Buying the wrong house
As a home buyer, the very first thing you should do is make a list of priorities and define home purchasing objectives. Figure out what features and benefits are most important and which you can live without. Before you sign on the dotted line, review this list and make sure the house you are about to purchase meets your requirements. It's easy to overlook a major factor that could come back to haunt you later.

5. Maxing out your spending power
Qualifying for a half-million-dollar mortgage does not mean you should buy a mansion, it is therefore wise to be a little more conservative. Homeowners have additional expenses such as property taxes, condo fees, and maintenance that renters do not. However, some first-time buyers fail to budget for these extra costs and assume they can afford a monthly mortgage equivalent to the rent they paid.

One buyer purchased a home that cost him about $100,000 more than he was comfortable spending. But he fell in love with the Victorian character: the high ceilings, sparkling chandeliers, and wide open space layout. A year later, he could no longer afford to make his mortgage payments. The house was too expensive for him to maintain. He would have been better off buying a smaller home in a more modest neighborhood. But he let his soaring emotions cloud his good judgment.  Make sure you do not go beyond the budget you assigned for the home purchase.

Canadian National Real Estate Market Watch

Higher borrowing costs, continued uncertainty about the economy and Bank of Canada's decision-making, and the constrained supply of listings resulted in fewer home sales in August 2023 compared to August 2022. The average selling price remained virtually unchanged over the same period. On a seasonally adjusted monthly basis, sales and average price edged lower.

 

Ontario - Moving Into Balanced Market Conditions.

Toronto, 05 September 2023 -- Higher borrowing costs, continued uncertainty about the economy and Bank of Canada's decision-making, and the constrained supply of listings resulted in fewer home sales in August 2023 compared to August 2022. The average selling price remained virtually unchanged over the same period. On a seasonally adjusted monthly basis, sales and average price edged lower.

“Looking forward, we know there will be solid demand for housing – both ownership and rental – in the Greater Toronto Area and broader Greater Golden Horseshoe. Record immigration levels alone will ensure this. In the short term, we will likely continue to see some volatility in terms of sales and home prices, as buyers and sellers wait for more certainty on the direction of borrowing costs and the overall economy,” said TRREB President Paul Baron. Greater Toronto Area REALTORS® reported 5,294 sales in August 2023 – down by 5.2% compared to August 2022. New listings were up by 16.2% year-over-over, providing some relief on the supply front, but year-to-date listings are still down substantially compared to the same period last year. Seasonally adjusted sales were down slightly by 1% month-over-month compared to July 2023, while new listings were up slightly by 1.3% compared to July.

“More balanced market conditions this summer compared to the tighter spring market resulted in selling prices hovering at last year’s levels and dipping slightly compared to July. As interest rates continued to increase in May, after a pause in the winter and early spring, many buyers have had to adjust their offers in order to qualify for higher monthly payments. Not all sellers have chosen to take lower than expected selling prices, resulting in fewer sales,” said TRREB Chief Market Analyst Jason Mercer.

The MLS® Home Price Index Composite benchmark for August 2023 was up by 2.5% year-over-year. The average selling price was also up, but by less than one% to $1,082,496 over the same timeframe. On a month-over-month seasonally adjusted basis, the MLS® HPI Composite benchmark was virtually unchanged and the average price edged lower by 1.6%.

“While higher interest rates have certainly impacted affordability, the prospect of higher taxes will also hit households’ balance sheets, especially younger buyers with limited savings. With the City of Toronto moving to raise the municipal land transfer tax (MLTT) rate on properties over $3 million as a revenue tool, it must also consider helping first-time home buyers struggling to enter the market by adjusting their tax rebate threshold to reflect today’s higher home prices,” said TRREB CEO John DiMichele.

 

Ottawa Resale Market Stalls in August, Supply Challenges Persist

Ottawa, September 8, 2023 -- Members of the Ottawa Real Estate Board (OREB) sold 1,196 residential properties in August through the Board’s Multiple Listing Service® (MLS®) System, compared with 1,130 in August 2022, an increase of 6%. August’s sales included 903 in the freehold-property class, up 7% from a year ago, and 293 in the condominium-property category, a 2% increase from August 2022. The five-year average for total unit sales in August is 1,525.

“Sales activity was up marginally on a year-over-year basis in August but remained well below the historical average for this time of year,” says Ken Dekker, OREB President. “There is no shortage of demand given increased immigration and the large Canadian population cohort entering the market. The lack of suitable, affordable housing is a hindrance. High borrowing costs and economic uncertainty are impacting both sellers and buyers, which we expect will continue to result in further market fluctuations.”

Janice Myers, OREB CEO, highlights that these latest figures coincide with the City of Ottawa’s allocation of $110 million for affordable housing. “Even if interest rates were to drop and the economy stabilized, housing will remain out of reach for many Ottawa residents. Collaboration among all levels of government and stakeholders is vital to improving affordability for homeowners and tenants alike. And we need to expand provincial regulations, allowing four or more residential dwelling units on serviced lots, to promote higher-density housing.”

The average sale price for a freehold-class property in August was $709,739, an increase of 0.5% from 2022, and a 5.6% decrease over July 2023 prices.

The average sale price for a condominium-class property was $425,968 an increase of 1% from a year ago, although 1.4% lower than July 2023 prices.

With year-to-date average sale prices at $732,220 for freeholds and $432,571 for condos, these values represent an 8% decrease over 2022 for freehold-class properties and a 5.5% decrease for condominium-class properties.

August’s new listings (2,228) increased 7% over August 2022 (2,090) and were on par with last month (2,234). The 5-year average for new listings in August is 2,177.

Months of Inventory for the freehold-class properties has increased to 3 months from 2.9 months in August 2022 and 2.7 months in July 2023.

Months of Inventory for condominium-class properties remains on par with August 2022 at 2.2 months, a slight decrease from 2.3 months in July 2023.

Days on market (DOM) for freeholds have increased to 31 days from 25 days in August 2022 and 26 days in July 2023.

Days on market (DOM) for condos have increased to 29 days from 28 days in August 2022 and 28 days in July 2023.

 

British Columbia - Price Gains Cooling And Sales Slowing.

Metro Vancouver, 15 Aug 2023 -- August As summer winds to a close, higher borrowing costs have begun to permeate the Metro Vancouver1 housing market in predictable ways, with price gains cooling and sales slowing along the typical seasonal pattern.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 2,296 in August 2023, a 21.4% increase from the 1,892 sales recorded in August 2022. This was 13.8% below the 10-year seasonal average (2,663).

"It’s been an interesting spring and summer market, to say the least. Borrowing costs are fluctuating around the highest levels we’ve seen in over ten years, yet Metro Vancouver’s housing market bucked many pundits’ predictions of a major slowdown, instead posting relatively strong sales numbers and year-to-date price gains north of 8%, regardless of home type."  Andrew Lis, REBGV director of economics and data analytics

There were 3,943 detached, attached and apartment properties newly listed for sale on the Multiple Listing Service® (MLS®) in Metro Vancouver in August 2023. This represents an 18.1% increase compared to the 3,340 homes listed in August 2022. This was 5.3% below the 10-year seasonal average (4,164).

The total number of homes currently listed for sale on the MLS® system in Metro Vancouver is 10,082, a 0.2% decrease compared to August 2022 (10,099). This was 13.4% below the 10-year seasonal average (11,647).

Across all detached, attached and apartment property types, the sales-to-active listings ratio for August 2023 is 23.9%. By property type, the ratio is 14.2% for detached homes, 30.3% for townhomes, and 31.9% for apartments.

Analysis of the historical data suggests downward pressure on home prices occurs when the ratio dips below 12% for a sustained period, while home prices often experience upward pressure when it surpass 20% over several months.

“It’s a bit of a tortoise and hare story this year, with sales starting the year slowly while prices increased due to low inventory levels,” Lis said. “As fall approaches, sales have caught up with the price gains, but both metrics are now slowing to a pace that is more in line with historical seasonal patterns, and with what one might expect given that borrowing costs are where they are.”

The MLS® Home Price Index composite benchmark price for all residential properties in Metro Vancouver is currently $1,208,400. This represents a 2.5% increase over August 2022 and a 0.2% decrease compared to July 2023.

Sales of detached homes in August 2023 reached 591, a 13.2% increase from the 522 detached sales recorded in August 2022. The benchmark price for a detached home is $2,018,500. This represents a 3.3% increase from August 2022 and a 0.3% increase compared to July 2023.

Sales of apartment homes reached 1,270 in August 2023, a 27.4% increase compared to the 997 sales in August 2022. The benchmark price of an apartment home is $770,000. This represents a 4.4% increase from August 2022 and a 0.2% decrease compared to July 2023.

Alberta - August Sees Record-high Sales Amidst Historic Low Inventory, Pushing Prices Higher

City of Calgary, September 1, 2023 – Thanks to a surge in the condominium market, August sales reached a record high with 2,729 sales. Despite the record levels reported over the past several months, year-to-date sales are still down by 15% compared to last year.

While new listings did improve compared to levels seen this time last year, the sales-to-new-listings ratio remained elevated at 87%, preventing any significant shift from the low inventory situation. Inventory levels in August dropped to 3,254 units, not only a record low for the month but well below the 6,000 units that are typically available. Low inventory combined with high sales this month ensured the months of supply remained low at just over one month.

Higher lending rates have caused many buyers to either hold off on purchase decisions or shift toward more affordable products on the market,” said CREB® Chief Economist Ann-Marie Lurie. “The challenge has been the availability of supply, especially in the detached market. Inventory levels hit record lows in August, and while new listings are higher than last year, conditions continue to favour the seller, driving further price gains.

The unadjusted benchmark price reached $570,700 in August, representing the eighth consecutive monthly gain. Prices have trended up across all property types, with row-style properties reporting the largest increase.

Detached: Record low inventory levels this month were primarily driven by pullbacks for homes priced under $700,000. While new listings did improve compared to last year, most of the growth was driven by homes priced over $700,000. August sales did improve over last year’s levels. However, limited supply in the lower price ranges has likely prevented stronger detached home sales.

Persistently tight conditions drove further price gains this month. As of August, the unadjusted benchmark price reached $696,700. Nearly one% higher than last month and over 10% higher than last year's levels. The highest year-over-year price gains occurred in the most affordable regions of the city's North East and East districts.

Semi-Detached: The 236 new listings and 197 sales did little to change the low inventory situation. While inventory levels did remain comparable to last month, they are still 35% below last year’s levels and at record lows for the month. Relatively strong sales combined with low inventory levels have given sellers the advantage.

With months of supply remaining exceptionally low throughout 2023, we continue to see upward pressure on home prices. As of August, the semi-detached unadjusted benchmark price reached $623,200, a monthly gain of 1% and 10% higher than last year. Price growth did range across each of the Calgary districts, but the strongest year-over-year gains were reported in the most affordable districts of the North East and East.

Row: The gain in new listings did little to offset the strong sales activity as the sales-to-new-listings ratio remained high at 94%. This prevented any additions to the inventory and left the months of supply below one month for the fifth consecutive month.

The persistently tight conditions placed further upward pressure on home prices. In August, the unadjusted benchmark price reached $413,200, a monthly gain of over 1% and nearly 16% higher than levels reported last year. Year-over-year gains have occurred across all districts, ranging from 12% in the North West to 29% in the East district.

Apartment Condominium: August sales continue to rise over last month and last year’s levels. Recent gains have caused year-to-date sales to reach 5,582 units, nearly 22% higher than last year’s levels and a new record high for the city. Tight rental markets and relative affordability have driven many purchasers to the apartment condominium sector. At the same time, new listings have struggled to keep pace as the sales-to-new-listings ratio bumped up to 98% in August, causing inventories to ease and the months of supply to drop to one month.

The tight market conditions have been placing upward pressure on home prices, and as of August, the unadjusted benchmark price reached $309,100, a monthly gain of over one% and a year-over-year gain of over 13%. The City Centre is the only district that did not report a monthly price gain, and prices are still below their previous highs in 2014. This is partly due to better supply/demand balances in the City Centre compared to other parts of the city.

Soft Home Sales in August Coupled with Strong Listing Activity

WATERLOO REGION, ON (September 6, 2023) — In August, there were 568 homes sold through the Multiple Listing Service® (MLS®) System of the Waterloo Region Association of REALTORS® (WRAR), representing a decrease of 14.2 per cent compared to the previous year and a decline of 23.5 per cent compared to the previous 5-year average for the month.

“For the first time in a decade we saw August’s home sales slip under the 600-unit mark,” says Megan Bell, president of WRAR.”  “Home sales were softer than normal last month, which is not surprising given the current borrowing environment.”

Total residential sales in August included 315 detached (down 24.1 per cent from August 2022), and 134 townhouses (up 12.6 per cent). Sales also included 74 condominium units (up 10.4 per cent) and 44 semi-detached homes (down 27.9 per cent).

In August, the average sale price for all residential properties in Waterloo Region was $761,377. This represents a 1.4 per cent increase compared to August 2022 and a 4.4 per cent decrease compared to July 2023.

• The average price of a detached home was $884,390. This represents a 3.9 per cent increase from August 2022 and a decrease of 3.9 per cent compared to July 2023.
• The average sale price for a townhouse was $659,704. This represents a 8.0 per cent increase from August 2022 and a decrease of 1.7 per cent compared to July 2023.
• The average sale price for an apartment-style condominium was $485,205. This represents an increase of 4.1 per cent from August 2022 and a decrease of 2.3 per cent compared to July 2023.
• The average sale price for a semi was $669,044. This represents an increase of 2.0 per cent compared to August 2022 and a decrease of 0.3 per cent compared to July 2023.

“Home buyers had the advantage of strong listing activity in August, which helped to provide a little more choice and temper prices,” says Bell. “But affordability remains a top concern for many who are looking to get into the market and finding it a challenge to resolve what they want with what they can afford.”  

WRAR’s president points out that while market-wide, inventory levels were up 7.6 per cent in August, this was mainly due to the Townhouse/Condo segment, where inventory increased by 35.3 per cent. The property type with the most supply in the market is the condo segment with 3.3 months supply, compared to 1.8 months supply in the detached home category.

“Right now, buyers may find it easier to get into a condominium, which can be a great choice for both first time buyers, and anyone looking for a lifestyle change.”

There were 1,025 new listings added to the MLS® System in Waterloo Region last month, an increase of 9.7 per cent compared to August of last year and a 11.7 per cent increase compared to the previous ten-year average for August.

The total number of homes available for sale in active status at the end of August was 1,094, an increase of 7.6 per cent compared to August of last year and 14.9 per cent below the previous ten-year average of 1431 listings for August.

There were 2.0 months of inventory at the end of August, unchanged from the end of July and in line with the previous 10-year average. The number of months of inventory represents how long it would take to sell off current inventories at the current sales rate.  

The average number of days to sell in August was 19, compared to 23 days in August 2022. The previous 5-year average is 21 days. 

View our HPI tool here to learn more: https://wrar.ca/hpi/