A Record December in a Schizophrenic Year In Real Estate for Canada

Statistics released today by the Canadian Real Estate Association (CREA) show national home sales set another all-time record in December 2020.

Summary:

  • 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.

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

Source: http://www.durhamrealestate.org/blogEntry.cfm?b=23749