Residential sales activity in the Thunder Bay area slowed in the fourth quarter of 2022 compared to the fourth quarter of 2021. Residential property sales numbered 484 units in the fourth quarter of 2022, down 10.9% compared to the same quarter in 2021. Single detached home sales slowed 7% in the fourth quarter of 2022. Annually, residential property sales numbered 2,021 units in all of 2022. This was up 5.7% compared to the 1,912 units recorded in 2021. This was the highest number of annual residential sales ever recorded.
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