Canadian Real Estate Market Reflects The Season – Cool

According to statistics released today by The Canadian Real Estate Association(CREA) show national home sales decline further in February 2018.

Highlights:

  • National home sales declined by 6.5% from January to February.
  • Actual (not seasonally adjusted) activity was down 16.9% year-over-year (y-o-y) in February.
  • The number of newly listed homes recovered by 8.1% from January to February.
  • The MLS® Home Price Index (HPI) in February was up 6.9% y-o-y.
  • The national average sale price declined by 5% y-o-y in February.

Home sales via Canadian MLS® Systems were down 6.5% in February. This marks the second consecutive monthly decline following the record set in December 2017 and the lowest reading in nearly five years.

Click here for the full report:

http://bit.ly/2FDlHnf

 

 

 

 

 

 

 

 

 

 

 

Source: http://durhamrealestate.org/blogEntry.cfm?b=16427