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Modern kitchen with marble island, wood cabinetry, pendant lighting, and open shelving featuring minimalist decor.

The FIDI Report: 1Q2023

  • Platinum Properties

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Sales:

• The average price is now at $1,211,226 – down 41% from Q4 2022, and down 23% YoY.

• The overall units sold are up 49% QoQ but down 33% YoY.

• One-bedrooms continue to dominate the market with a 156% increase in units sold QoQ.

Rentals:

• The average rent continues to hover at just below $4,500 – on par with both QoQ and YoY.

• Units rented showed increases of 30% QoQ and 53% YoY.

• Three bedrooms regained footing in the number of units rented and increased 100% YoY.

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