According to statistics released by The Canadian Real Estate Association (CREA), national home sales activity was down on a month-over-month basis in January 2015.
Highlights
- National home sales fell 3.1% from December to January
- Actual (not seasonally adjusted) activity stood 2.0% below January 2014 levels
- The number of newly listed homes rose 0.7% from December to January
- The Canadian housing market remains balanced
- The MLS® Home Price Index (HPI) rose 5.17% year-over-year in January
- The national average sale price rose 3.1% on a year-over-year basis in January
The number of home sales processed through the MLS® Systems of Canadian real estate Boards and Associations fell 3.1 per cent in January 2015 compared to December 2014.
Read the full report.