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Canadian home sales soften in January, 2012: CREA

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Posted in CREA, Market News
CREAeconomist Gregory Klump reports on MLS® sales and listings for the Canadian real estate market for January, 2012.


Highlights from CREA's release

  • Home sales were down 4.5% from December to January.
  • Actual (not seasonally adjusted) activity came in 4.0% above levels in January 2011, and stood even with the 5 and 10 year averages for January sales.
  • The number of newly listed homes edged down 1.4% from December to January.
  • With sales down by more than new listings, the national market shifted further into balanced territory.
  • The national average home price was up less than 2% year-over-year in January, ranking it among the smallest increases of the past year.

Read the complete release here. See also 2012 begins as a seller's market for Saskatoon homes: SRAR.


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Norm Fisher

Royal LePage Vidorra

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