Canadian home sales push higher in February

Ottawa, ON, March 15, 2016 – According to statistics released today by The Canadian Real Estate Association (CREA), national home sales recorded a second consecutive month-over-month increase in February 2016.


    National home sales rose by 0.8 per cent from January to February.

  • Actual (not seasonally adjusted) activity was up 18.7 per cent compared to February 2015.
  • The number of newly listed homes edged up by 0.5 per cent from January to February.
  • The Canadian housing market has tightened but remains balanced overall.
  • The MLS Home Price Index (HPI) rose 8.5 per cent year-over-year in February.
  • The national average sale price rose 16.4 per cent on a year-over-year basis in February; excluding British Columbia and Ontario, it declined by 1.4 per cent.
  • The number of homes trading hands via Canadian MLS Systems rose by 0.8 percent in February 2016 compared to January. The monthly increase lifted national sales activity to the highest level since June 2007.

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