"We're starting to observe signs of movement toward more balance in the marketplace, based on the sales-to-new listings ratio," said Earl Taylor, 2019 LSTAR President. "In January, the ratio was 60.9% across LSTAR’S jurisdiction. The Canadian Real Estate Association (CREA) says a ratio between 40% and 60% is generally consistent with a balanced market."

Bucking the trend was St. Thomas, who saw a sales-to-new listing ratio of 80.3% in January, which CREA says represents conditions…

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