Record Home Sales In March 2021, New Supply Increases

Durham Region Real Estate Board tells us:

Statistics released today by the Canadian Real Estate Association (CREA) show national home sales set another all-time record in March 2021 as increased supply became available.


  • National home sales rose 5.2% on a month-over-month (m-o-m) basis in March.
  • Actual (not seasonally adjusted) activity was up 76.2% year-over-year (y-o-y).
  • The number of newly listed properties jumped another 7.5% from February to March.
  • The MLS® Home Price Index (HPI) rose 3.1% m-o-m and was up 20.1% y-o-y.
  • The actual (not seasonally adjusted) national average sale price posted a 31.6% y-o-y gain in March.

Home sales recorded over Canadian MLS® Systems climbed 5.2% between February and March 2021 to set another new all-time record. In the face of continuing strong demand, the increase in sales was likely the result of an increase in new supply.