Canadian home sales edge higher in February, 2012: CREA

CREA economist Gregory Klump reports on MLS® sales and listings for the Canadian real estate market for February, 2012.

Highlights from CREA's release

  • Home sales rose 1.4% from January to February.
  • Actual (not seasonally adjusted) activity was up 8.6% from February 2011 levels.
  • The number of newly listed homes climbed 1.9% from January to February.
  • The national sales-to-new listings ratio was little changed, remaining firmly in balanced territory.
  • The national average home price advanced 2.0% on a year-over-year basis in February.
Read the complete release here. See also Saskatoon real estate market shows no signs of slowing in February, 2012: SRAR.

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