September 2022 CREA statistics

Canadian home sales soften again from August to September

Ottawa, ON, October 14, 2022 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were down in September 2022.

Highlights:

• National home sales were down 3.9% on a month-over-month basis in September.
• Actual (not seasonally adjusted) monthly activity came in 32.2% below September 2021.
• The number of newly listed properties edged down 0.8% month-over-month.
• The MLS^® Home Price Index (HPI) declined by 1.4% month-over-month but was still up 3.3% year-over-year.
• The actual (not seasonally adjusted) national average sale price posted a 6.6% year-over-year decline in September.

Home sales recorded over Canadian MLS^® Systems fell by 3.9% between August and September 2022. From May through August, month-over-month declines have been progressively smaller. The September result marked a slight increase in the current sales slowdown that began with the Bank of Canada’s first rate hike back in March. 

Access the September 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