I feel one of the early indicators of price pressures can be seen by looking at the condo market. People are often willing to "trade down" from a single family if condos are at good prices in a particular location, but what happens when the condos become thin? That really begins to push the Single Family houses.
What we're seeing in this report is excellent absorption of Sudbury condos that are being built, and they are making the sales and prices really pop in the Sudbury condo market. True, they aren't sold out, so we do see a large rise in average market time compared to the last report.
It's hard to put a bad spin on this data though, with a doubling of sales since the last report, and every major metric up, the condo market in Sudbury is hot.