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Record December caps record year for Canadian home sales: CREA

The Canadian Real Estate Association (CREA) recently released national sales statistics for December of 2020.

According to the report, "Home sales recorded over Canadian MLS® Systems jumped by 7.2% between November and December to set another new all-time record."


"Seasonally adjusted activity was running at an annualized pace of 714,516 units in December 2020 – the first time on record that monthly sales at seasonally adjusted annual rates have ever topped the 700,000 mark."


"The month-over-month increase in national sales activity from November to December was driven by gains of more than 20% in the Greater Toronto Area (GTA) and Greater Vancouver.e handful from in Ontario reflects a supply issue rather than a demand issue."

 

 Highlights of CREA's report

  • National home sales rose 7.2% on a month-over-month (m-o-m) basis in December.

  • Actual (not seasonally adjusted) activity was up 47.2% year-over-year (y-o-y).

  • The number of newly listed properties climbed 3.4% from November to December.

  • The MLS® Home Price Index (HPI) rose 1.5% m-o-m and was up 13% y-o-y.

  • The actual (not seasonally adjusted) national average sale price posted a 17.1% y-o-y gain in December.

Read the entire report on Canadian MLS® sales for December of 2020.



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Norm Fisher

Royal LePage Vidorra


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Norm Fisher, TeamFisher

About Norm

Licensed in 1993, Norm brings a wealth of experience to TeamFisher. He has worked in every imaginable capacity including sales agent, office manager, team leader, broker and now, broker/owner. Norm has written a weekly review of the Saskatoon real estate market for more than 650 consecutive weeks which may make him the most consistent industry blogger in the world.Less...

Licensed in 1993, Norm brings a wealth of experience to TeamFisher. He has worked in every imaginable capacity including sales agent, office manager, team leader, broker and now, broker/owner. Norm has written a weekly review of the Saskatoon real estate market for more than 650 consecutive weeks which may make him the most consistent industry blogger in the world.

Norm is known for his passion for technology and can most often be found exploring and experimenting with the next big thing in real estate marketing. He was the first Saskatoon real estate agent to promote a home online and has been an early adopter of new technologies ever since. “Everything about this business has changed over the past 20 years, and it will happen again in the next ten. An open mind and a curious attitude are all that’s needed to continue to find new ways to serve our clients by delivering a faster, smoother, worry-free transaction,” says Norm.

In his spare time, Norm enjoys Crossfit and cycling, some years accumulating over 2,000 kilometres on the road. He’s a strong supporter of the Royal LePage Shelter Foundation and enjoys raising funds by joining fun, fitness-related initiatives like the Grouse Grind for Shelter. In 2015, he trekked the Peruvian Andes to Machu Picchu. In 2017 he walked the southern highlands of Iceland across mountains, sand, snow, ice, lava fields and forest for seven days. Collectively those initiatives raised over a million dollars for Canadian women's shelters.
 

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