National home sales jumped by 11.3 percent between March and April as the real estate market picked up again, but supply remained at a 20 year-low, the Canadian Real Estate Association said Monday. Seasonally-adjusted sales for the month totalled 38,164 compared with 34,277 in March. The actual number of homes sold last month amounted to…
April’s National Home Sales up 11.3% From March, Supply at 20-year Low: CREA
Canada’s Average Home Price Fell by 12% in 2022, Says Real Estate Association
The average price of a house for sale in Canada fell by 12 percent in 2022, says the Canadian Real Estate Association (CREA), which also found that the number of home sales across the country fell by nearly 40 percent over the course of last year. “In 2022, we saw one of the biggest single-year shifts…
Canadian Real Estate Association Reports Home Sales Down in November
The Canadian Real Estate Association says seasonally adjusted homesales were down 3.3 percent on a month-over-month basis in November. The association said Thursday the move lower more than erased the gain seen in October and resumed the overall trend lower for the year. CREA said about 60 percent of all local markets saw lower sales…
Canada’s Average Home Price Falls to $746,000, Decreasing 0.6 Percent in April
Canada’s home prices are sinking under the pressure of rising interest rates, with the national average price falling to $746,000 in April—a 0.6 percent decrease from the average price of $796,000 in March, according to data from the Canadian Real Estate Association (CREA). Excluding the two most active and expansive housing markets in Greater Vancouver…
Canada’s Average Home Price Falls to $746,000 in April as Sales Plunged
Canada’s home prices are sinking under the pressure of rising interest rates, with the national average price falling to $746,000 in April, according to data from the Canadian Real Estate Association (CREA). Excluding the two most active and expansive housing markets in Greater Vancouver and the Greater Toronto Area (GTA), the calculation would cut $138,000…
Canada’s Average Home Price Hits $816,720, Rising 20% From Last Year
Canada’s average home price hit a record high of $816,720 last month, says the Canadian Real Estate Association (CREA). The group, which represents over 150,000 realtors across Canada, said in a March 15 release that sales were up in roughly 60 percent of markets in February, with the largest jumps in Calgary and Edmonton. CREA attributed the…
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