EMBARGO – April 2020 CREA statistics

EMBARGO – April 2020 CREA statistics

Canadian home sales and listings post record declines in April 2020

Ottawa, ON, May 15, 2020 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales and new listings fell by more than half in April 2020 compared to March.

Summary:

• National home sales fell 56.8% on a month-over-month (m-o-m) basis in April.
• Actual (not seasonally adjusted) activity was down a similar 57.6% year-over-year (y-o-y).
• The number of newly listed properties decreased 55.7% from March to April.
• The MLS® Home Price Index (HPI) edged back 0.6% m-o-m but was still up 6.4% y-o-y.
• The actual (not seasonally adjusted) national average sale price fell 1.3% y-o-y.

Home sales recorded over Canadian MLS® Systems dropped by a record 56.8% in April 2020 compared to an already weakened March, with a majority of sellers and buyers having seemingly moved off to the sidelines during the COVID-19 lockdown.

Access the April 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