The Canadian Real Estate Association (CREA), recently released national sales statistics for March of 2019.
According to the report, "Home sales via Canadian MLS® Systems edged up 0.9% in March 2019 following a sharp drop in February, leaving activity near some of the lowest levels recorded in the last six years."
There was an even split between the number of markets where sales rose from the previous month and those where they waned. Among Canada’s larger cities, activity improved in Victoria, the Greater Toronto Area (GTA), Oakville-Milton and Ottawa, whereas it declined in Greater Vancouver, Edmonton, Regina, Saskatoon, London and St. Thomas, Sudbury and Quebec City."
Highlights of CREA's report
- National home sales edged up 0.9% month-over-month (m-o-m) in March.
- The number of newly listed homes rose 2.1% m-o-m.
- The MLS® Home Price Index (HPI) eased by 0.5% y-o-y in March.
- The national average sale price fell 1.8% y-o-y.
Read the entire report on Canadian MLS® sales for March 2019.
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