According to statistics released by The Canadian Real Estate Association (CREA), national home sales activity was down on a month-over-month basis in December 2014.
Highlights:
- National home sales fell 5.8% from November to December.
- Actual (not seasonally adjusted) activity stood 7.9% above December 2013 levels.
- The number of newly listed homes rose 1.1% from November to December.
- Canadian housing market remains balanced.
- The MLS® Home Price Index (HPI) rose 5.4% year-over-year in December.
- The national average sale price rose 3.8% on a year-over-year basis in December.
The number of home sales processed through the MLS® Systems of Canadian real estate Boards and Associations fell 5.8 per cent in December 2014 compared to November and remained above year-ago levels.
Read the full report.