FEB 2020 - VANCOUVER REAL ESTATE

National Statistics

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.

HIGHLIGHTS:

  • 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.

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