EMBARGO – March 2020 CREA statistics

Ottawa, ON, April 15, 2020 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales and listings were down sharply between February and March 2020.

Highlights:

• National home sales fell 14.3% on a month-over-month (m-o-m) basis in March.
• Actual (not seasonally adjusted) activity was up 7.8% year-over-year (y-o-y).
• The number of newly listed properties dropped 12.5% m-o-m.
• The MLS® Home Price Index (HPI) advanced by 0.8% m-o-m and 6.9% y-o-y.
• The actual (not seasonally adjusted) national average sale price climbed 12.5% y-o-y.

Home sales recorded over Canadian MLS® Systems dropped by 14.3% in March 2020 compared to February, as the economic turmoil and physical distancing rules surrounding the COVID-19 pandemic caused both buyers and sellers to increasingly retreat to the sidelines over the second half of the month.

Access the March 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

Author: bramptonrealestateboard

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