Canadian home sales drop sharply in February 2019

Ottawa, ON, March 15, 2019 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales dropped sharply from January to February 2019. Highlights: National home sales plummeted 9.1% month-over-month (m-o-m) in February. Actual (not seasonally adjusted) activity was down 4.4% year-over-year (y-o-y). The number of newly listed homes fell 3.2% m-o-m. The MLS® Home Price Index (HPI) was virtually unchanged (-0.1% y-o-y). The national average sale price fell by 5.2% y-o-y. Home sales via Canadian MLS® […]