CREA Market Update: Canadian home sales improve slightly in March

The Canadian Real Estate Association (CREA) has just released their March stats for all Canadian MLS Systems. High lights include: National home sales inched up 1.3% from February to March; Actual (not seasonally adjusted) activity was down 22.7% from last year’s all-time March record; The number of newly listed homes rose 3.3% from February to March; The MLS® Home Price Index (HPI) in March was up 4.6% year-over-year (y-o-y); and The national average sale price declined by 10.4% y-o-y in March.

February real estate market data points to a continued cooling trend

The fallout from the tougher lending rules is continuing through February as sales and prices decline on the national scale.  After a lacluster second half in 2012, the Canadian Real Estate Association (CREA) adjusted its forcast for 2013.  Total sales for the Canadian housing market are projected to fall 2.9% to 441,500 with the national average […]