April 2022 CREA statistics

Home sales drop in April as mortgage rates shoot higher 

Ottawa, ON, May 16, 2022 – Statistics  released today by the Canadian Real Estate Association (CREA) show national home sales were down in April 2022.

Highlights:

• National home sales dropped by 12.6% on a month-over-month basis in April.
• Actual (not seasonally adjusted) monthly activity came in 25.7% below the monthly record set in 2021.
• The number of newly listed properties was down 2.2% month-over-month.
• The MLS® Home Price Index (HPI) edged down 0.6% month-over-month but was still up 23.8% year-over-year.
• The actual (not seasonally adjusted) national average sale price posted a 7.4% year-over-year gain in April.

Home sales recorded over Canadian MLS® Systems dropped by 12.6% between March and April 2022. The decline placed monthly activity at the lowest level since the summer of 2020. 


Access the April 2022 stats PDF.

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