May 15, 2019
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales climbed in April 2019.
Highlights:
- National home sales improved by 3.6% month-over-month (m-o-m) in April.
- Actual (not seasonally adjusted) activity was up 4.2% year-over-year (y-o-y).
- The number of newly listed homes climbed 2.7% m-o-m.
- The MLS® Home Price Index (HPI) eased by 0.3% y-o-y in April.
- The national average sale price edged up 0.3% y-o-y.
Home sales recorded via Canadian MLS® Systems rose by 3.6% m-o-m in April 2019. After having dropped in February to the lowest level since 2012, the rebound in sales over the past two months still leaves activity slightly below readings posted over most of the second half of 2018.