|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:
The Canadian Real Estate Association
200 Catherine Street, 6th Floor, Ottawa, ON K2P 2K9
Tel: +1 (613) 237-7111