Canadian Real Estate Association (CREA) show National home sales high with a low inventory. Highlights include:
- National home sales edged up 1% on a month-over-month basis in January.
- Actual (not seasonally adjusted) monthly activity came in 10.7% below the record January in 2021.
- The number of newly listed properties dropped 11% from December 2021 to January 2022.
- The MLS® Home Price Index (HPI) rose a record 2.9% month-over-month and was up a record 28% year-over-year.
- The actual (not seasonally adjusted) national average sale price posted a 21% year-over-year gain in January.
