INFOGRAPHICS: November 2021 CREB City And Region Market Reports

Persistent sellers’ market conditions drive up prices

Driven by growth in demand for all property types, there were 2,110 sales in November, just shy of the record for the month set in 2005.

“Lending rates are expected to increase next year, which has created a sense of urgency among purchasers who want to get into the housing market before rates rise,” said CREB® Chief Economist Ann-Marie Lurie.

“At the same time, supply levels have struggled to keep pace, causing tight conditions and additional price gains.”

Read the full report on the CREB website!

The following data is a comparison between November 2020 and November 2021 numbers, and is current as of December 2021. For last month’s numbers, check out our previous infographic.

Or follow this link for all our CREB Infographics!

Click on the images for a larger view!