Canadian home sales moderate further in January, 2014: CREA

By Norm Fisher, February 15, 2014 - The Canadian Real Estate Association (CREA), released national sales statistics for the month of January, 2014 recently. According to the CREA, “The number of home sales processed through the MLS® Systems of Canadian real estate Boards and Associations and other co-operative listing systems fell 3.3 per cent on a month-over-month basis in January 2014. This marks the fifth straight monthly decline, and leaves activity 9.1 per cent below the peak reached in August 2013.” Highlights of CREA’s report    

  • National home sales fell 3.3% from December to January.
  • Actual (not seasonally adjusted) activity stood 0.4% above January 2013 levels.
  • The number of newly listed homes edged up 0.2% from December to January.
  • The Canadian housing market remains in balanced territory.
  • The national average sale price rose 9.5% on a year-over-year basis in January.
  • The MLS® Home Price Index (HPI) rose 4.8% year-over-year in January.

Read the entire report on Canadian MLS® sales for January, 2014.

Copyright Norm Fisher Royal LePage Saskatoon Real Estate