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...

Although the rate of credit accumulation is slowing, household debt in Canada hits new high in the fourth quarter of 2012, lending more evidence that actions taken by the Bank of Canada are stabilzing the housing market.
According to CREA statistics released today, there has been little change in homes sales activity nationally.  Month-to-month change in activity from September was-0.1%, pointing to a more stable national real estate market in October.  Sales activity did improve in half of the nationals major local housing markets.  This included both Toronto and Vancouver, however, sales in both those markets were still significantly below levels reported in the first half of the year.