April 15, 2021
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.
Summary:
- 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.
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