Canadian Real Estate Demand Falls And Banks Expect Demand To Slow Further

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The sales to new listings ratio (SNLR) is used to gauge inventory absorption and how hot a market is. It’s as simple as it sounds — the share of home sales compared to new listings that month. As the ratio rises the market is getting hotter, since demand is rising relative to inventory. As the ratio gets lower, demand is cooling as it falls relative to inventory. Balanced is smack dab in the middle.

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