Feburary 2017 CREA Statistics and Updated Forecast

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

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

CREA monthly news release and MLS HPI February 2017

CREA Updates and Extends Resale Housing Market Forecast

Ottawa, ON, March 15, 2017 – The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards and Associations in 2017 and 2018.

Canadian housing market trends continue to display considerable regional divergence. In British Columbia, activity in the Lower Mainland has cooled markedly from all-time highs recorded early last year; however, sales and price pressures elsewhere in the province remain historically strong.

March 2017 CREA forecast

For more information, please contact:
Pierre Leduc
Media Relations
leduc@crea.ca
The Canadian Real Estate Association
200 Catherine Street, 6th Floor, Ottawa, ON K2P 2K9
Tel: +1 (613) 237-7111

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At the Brampton Real Estate Board (BREB) we believe in the ownership of Real Estate. Our objective is to contribute to the capability and growth of our members in their endeavors by marketing all forms of real property throughout the greater Brampton, Halton Hills and Caledon marketplaces and beyond. The Brampton Real Estate Board is dedicated to providing an environment in which it’s Member REALTORS®, employees, Board of Directors, and Committee volunteers are encouraged to grow, succeed and develop in order to provide the highest level of professional conduct and service. View all posts by bramptonrealestateboard