EMBARGO – February 2020 CREA

NB. As providers of the most accurate and timely housing data and statistics, CREA cannot credibly update its quarterly forecast at this time.

Canadian home sales up in February

Ottawa, ON, March 16, 2020 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were up between January and February 2020.

Highlights:

• National home sales climbed 5.9% on a month-over-month (m-o-m) basis in February.
• Actual (not seasonally adjusted) activity was up 26.9% year-over-year (y-o-y).
• The number of newly listed properties jumped 7.3% m-o-m.
• The MLS® Home Price Index (HPI) advanced by 0.7% m-o-m and 5.9% y-o-y.
• The actual (not seasonally adjusted) national average sale price climbed 15.2% y-o-y.

Home sales recorded over Canadian MLS® Systems rose by 5.9% in February 2020, marking one of the larger m-o-m gains of the past decade.

Access the February 2020 stats PDF.

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