Found 2 blog entries tagged as market stats.

The Canadian housing market hasn’t seen a home sales situation like this since the summer of 2020.

National home sales dropped by 12.6% between March and April and actual (not seasonally adjusted) sales activity was down 25.7% from the record highs we saw in April 2021, according to the Canadian Real Estate Association (CREA).

Sales were down in 80% of Canadian markets in April 2022, save for Montreal, Halifax-Dartmouth and Victoria, B.C.

Why are home sales down?

“Housing markets in many parts of Canada have cooled off pretty sharply over the last two months, in line with a jump in interest rates and buyer fatigue,” said Jill Oudil, Chair of CREA. “For buyers, this slowdown could mean more time to consider options in the market. For…

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Statistics released by the Canadian Real Estate Association (CREA) show national home sales remained historically high in December 2021, as the end-of-month supply of properties for sale hit an all-time low.

HIGHLIGHTS

  • National home sales inched up 0.2% on a month-over-month basis in December.

  • Actual (not seasonally adjusted) monthly activity came in 9.9% below the record posted in December 2020.

  • The number of newly listed properties fell 3.2% from November to December.

  • The MLS® Home Price Index (MLS® HPI) rose 2.5% month-over-month and was up a record 26.6% year-over-year.

  • The actual (not seasonally adjusted) national average sale price posted a 17.7% year-over-year gain in December. 

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