The Canadian Real Estate Association released it’s statistics for February 2018 yesterday.
I always caution readers to remember that Toronto and Vancouver represent two of the largest markets in the country and tend to sway the figures greatly. That being said the highlights are as follows:
- National home sales declined by 6.5% from January to February.
- Actual (not seasonally adjusted) activity was down 16.9% year-over-year (y-o-y) in February.
- The number of newly listed homes recovered by 8.1% from January to February.
- The MLS® Home Price Index (HPI) in February was up 6.9% y-o-y.
- The national average sale price declined by 5% y-o-y in February.
