Activity in the region completely turned around last year following the weakness recorded in 2019.

In 2020, sales activity rose to the highest levels seen since 2015. At the same time, new listings fell to the lowest levels seen since 2013. This caused inventory declines in the market and supported some price recovery in the second half of the year.

Much of the improvement in prices was driven by the detached sector, which recorded an annual benchmark price increase of nearly one per cent. However, on an annual basis, prices eased in the semi-detached, row and apartment sectors.