Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were down from March to April 2021.
Summary:
- National home sales declined by 12.5% on a month-over-month basis in April.
- Actual (not seasonally adjusted) activity was up 256% year-over-year.
- The number of newly listed properties fell back by 5.4% from March to April.
- The MLS® Home Price Index (HPI) rose 2.4% month-over-month and was up 23.1% year-over-year.
- The actual (not seasonally adjusted) national average sale price posted a 41.9% year-over-year gain in April.
Home sales recorded over Canadian MLS® Systems fell by 12.5% in April 2021 compared to the highest level ever recorded in March.