Canadian home sales climb in February

Ottawa, ON, March 15, 2017 – According to statistics released today by The Canadian Real Estate Association (CREA), national home sales were up on a month-over-month basis in February 2017.

Highlights:

National home sales rose 5.2 per cent from January to February.
• Actual (not seasonally adjusted) activity in February was down 2.6 per cent from a year earlier.
• The number of newly listed homes was up 4.8 per cent from January to February.
• The MLS Home Price Index (HPI) in February was up 16 per cent year-over-year (y-o-y).
• The national average sale price edged up 3.5 per cent y-o-y in February.

Home sales over Canadian MLS Systems rose by 5.2 per cent month-over-month in February 2017 to reach the highest level since April 2016.

To read the full release, click here.