The Canadian Real Estate Association (CREA) recently released national sales statistics for April of 2021.
According to the report, "Home sales recorded over Canadian MLS® Systems fell by 12.5% in April 2021 compared to the highest level ever recorded in March."
"Month-over-month declines in sales activity were observed in close to 85% of all local markets, including virtually all of B.C. and Ontario. In contrast, actual (not seasonally adjusted) sales activity posted a 256% year-over-year gain in April, reflecting the chasm between the best April ever in 2021 and the worst ever last year."
Highlights of CREA's report
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National home sales declined by 12.5% on a month-over-month basis in April.
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The actual (not seasonally adjusted) activity was up 256% year-over-year.
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The number of newly listed properties fell back by 5.4% from March to April.
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The MLS® Home Price Index (HPI) rose 2.4% month-over-month and was up 23.1% year-over-year.
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The actual (not seasonally adjusted) national average sale price posted a 41.9% year-over-year gain in April.
Read the entire report on Canadian MLS® sales for April of 2021.
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Norm Fisher
Royal LePage Vidorra
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