VIDEO: Economist's monthly report. CREA, Canadian Real Estate Association
Published on 14 Feb 2014
Canadian home sales moderate further in January
Ottawa, ON, February 14, 2014 - According to statistics released today by The Canadian Real Estate Association (CREA), national home sales activity posted its fifth consecutive month-over-month decline in January 2014.
Highlights:
• National home sales fell 3.3% from December to January.
• Actual (not seasonally adjusted) activity stood 0.4% above January 2013 levels.
• The number of newly listed homes edged up 0.2% from December to January.
• The Canadian housing market remains in balanced territory.
• The national average sale price rose 9.5% on a year-over-year basis in January.
• The MLS® Home Price Index (HPI) rose 4.8% year-over-year in January.