The Canadian Real Estate Association (CREA) recently released national sales statistics for April of 2023.
"Home sales recorded over Canadian MLS® Systems posted an 11.3% increase from March to April 2023, foreshadowed by smaller back-to-back gains recorded in February and March.
“Over the last few months, there have been signs that housing markets were going to heat back up this year, so it wasn’t a surprise to see things take off after the Easter weekend, which often serves as the opener to the spring market,” said Larry Cerqua, CREA’s 2023-2024 Chair. “The issue going forward is not new: demand is once again returning at a scale that is outpacing supply. If you’re looking for information and guidance about how to buy or sell a property in this rapidly changing market, contact a REALTOR® in your area,” continued Cerqua.
Highlights of this report:
National home sales surged 11.3% month-over-month in April.
Actual (not seasonally adjusted) monthly activity came in 19.5% below April 2022.
The number of newly listed properties edged up 1.6% month-over-month but remain at a 20-year low.
The MLS® Home Price Index (HPI) climbed 1.6% month-over-month but was down 12.3% year-over-year.
The actual (not seasonally adjusted) national average sale price posted a 3.9% year-over-year decline in April.
Read the recently released national sales statistics for April of 2023.
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Royal LePage Vidorra
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