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Mark Cashin Principal Broker

Mark Cashin

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Canadian home sales begin 2023 at 14-year low

2/24/2023

Statistics released by the Canadian Real Estate Association (CREA) show national home sales were down on a monthover-month basis in January 2023.

Highlights:

  • National home sales declined 3% month-over-month in January.
  • Actual (not seasonally adjusted) monthly activity came in 37.1% below January 2022.
  • The number of newly listed properties rose 3.3% month-over-month.
  • The MLS® Home Price Index (HPI) declined by 1.9% month-over-month and was down 12.6% year-over-year.
  • The actual (not seasonally adjusted) national average sale price posted an 18.3% decline year-over-year in January.

https://stats.crea.ca/en-CA/

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