According to statistics released by The Canadian Real Estate Association (CREA), national home sales activity edged back down on a month-over-month basis in February 2013 following an increase in January.
Highlights:
- National home sales declined 2.1% from January to February.
- Actual (not seasonally adjusted) activity came in 15.8% below levels in February 2012.
- The number of newly listed homes fell 1.2% from January to February.
- The Canadian housing market remains firmly in balanced territory.
- The national average sale price was down 1% on a year-over-year basis in February.
- The MLS® HPI rose 2.7% in February, the smallest gain since March 2011.
Read the complete release here.