How much is it easing? For the first two months of the year RealNet Canada Inc. there were 1,633 high-rise sales compared to 3,348 a year earlier. On the flip side low-rise sales are making a slight comeback. There were 2,818 low-rise sales over the first two months of the year compared to 2,571 a year earlier.
First, wow. That's a huge drop no matter how you slice it.
Second, I'd prefer to look a either a full quarter of sales or probably 6 months.
Third, 1600+ new condo sales in 2 winter months is still enormous volume compared to....anywhere.