EMBARGO – February 2021 CREA statistics and Quarterly forecast

EMBARGO – February 2021 CREA statistics and Quarterly forecast

 


Canadian housing markets set records again in February
Ottawa, ON, March 15, 2021 –
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales set another all-time record in February 2021.

Summary:  National home sales rose 6.6% on a month-over-month (m-o-m) basis in February. Actual (not seasonally adjusted) activity was up 39.2% year-over-year (y-o-y). The number of newly listed properties rebounded by 15.7% from January to February. The MLS® Home Price Index (HPI) jumped 3.3% m-o-m and was up 17.3% y-o-y. The actual (not seasonally adjusted) national average sale price posted a 25% y-o-y gain in February. Home sales recorded over Canadian MLS® Systems climbed 6.6% between January and February 2021 to set another new all-time record.

Access the February 2021 stats PDF.


CREA Updates Resale Housing Market Forecast 
Ottawa, ON March 15, 2021 –
Current trends and the outlook for housing market fundamentals suggest activity will remain strong through 2021, resulting in a record number of sales. That said, activity is forecast to begin returning to more typical levels over time. 2022 is expected to see fewer MLS® transactions compared to 2021, while remaining above all other years on record. 

Access the March 2021 forecast 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.

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