Canadian home sales reach highest level since 2007 in February, 2016: CREA

The Canadian Real Estate Association (CREA), released national sales statistics for the month of February, 2016 this week. According to the CREA, “The number of homes trading hands via Canadian MLS® Systems rose by 0.8 percent in February 2016 compared to January. The monthly increase lifted national sales activity to the highest level since June 2007.”

Highlights of CREA's report    

      • National home sales rose by 0.8% from January to February.
      • Actual (not seasonally adjusted) activity was up 18.7% compared to February 2015.
      • The number of newly listed homes edged up by 0.5% from January to February.
      • The Canadian housing market has tightened but remains balanced overall.
      • The MLS® Home Price Index (HPI) rose 8.5% year-over-year in February.
      • The national average sale price rose 16.4% on a year-over-year basis in February; excluding British Columbia and Ontario, it declined by 1.4%.

Read the entire report on Canadian MLS® sales for Febuary, 2016.

See also: CREA's forecast for 2016 See also: Saskatoon home prices soften

I’m always happy to answer your Saskatoon real estate questions.  All of my contact info is here. Please feel free to call or email.

Norm Fisher

Royal LePage Vidorra

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The above information is from sources deemed reliable but should not be relied upon without independent verification. The information presented here is for general interest only, no guarantees apply.
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