Supply of lower-priced homes remains low for January

The level of new listings in January fell to the lowest levels
seen since the late 90s. While new listings fell in nearly every price range, the pace of
decline was higher for lower-priced properties.
At the same time, sales activity did slow compared to the high levels reported last year but
remained consistent with long-term trends. However, there has been a shift in the
composition of sales as detached homes only comprised 47 per cent of all sales.