Ottawa, ON, March 15, 2018 – Statistics released today by The Canadian Real Estate Association (CREA) show national home sales declined 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 […]

Ottawa, ON, March 15, 2018 – The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards and Associations in 2018 and extended the outlook to 2019. Housing market fundamentals remain supportive in many parts of the country. By the same token, housing markets continue to face policy-related headwinds. New mortgage rules announced late last year had been expected to cause homebuyers to advance their […]