Canadian home buyers face record listings shortage to begin 2022
Posted by Teri-Lynn Jones on
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
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National home sales inched up 0.2% on a month-over-month basis in December.
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Actual (not seasonally adjusted) monthly activity came in 9.9% below the record posted in December 2020.
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The number of newly listed properties fell 3.2% from November to December.
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The MLS® Home Price Index (MLS® HPI) rose 2.5% month-over-month and was up a record 26.6% year-over-year.
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The actual (not seasonally adjusted) national average sale price posted a 17.7% year-over-year gain in December.
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