FEB 2020 - TORONTO REAL ESTATE
Canadian home sales down in January
Ottawa, ON, February 14, 2020 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales declined between December 2019 and January 2020.
National home sales fell by 2.9% on a month-over-month (m-o-m) basis in January.
Actual (not seasonally adjusted) activity was up 11.5% year-over-year (y-o-y).
The number of newly listed properties was little changed (+0.2%) m-o-m.
The MLS® Home Price Index (HPI) advanced by 0.8% m-o-m and 4.7% y-o-y.
The actual (not seasonally adjusted) national average sale price climbed 11.2% y-o-y.