November 2022 CREA statistics

Canadian home sales edge down from October to November

Ottawa, ON, December 15, 2022 –
 Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were down on a month-over-month basis in November 2022.

Highlights:

  • National home sales declined by 3.3% month-over-month in November.
  • Actual (not seasonally adjusted) monthly activity came in 38.9% below November 2021.
  • The number of newly listed properties edged down 1.3% month-over-month.
  • The MLS® Home Price Index (HPI) declined by 1.4% month-over-month and was down 4.4% year-over-year.
  • The actual (not seasonally adjusted) national average sale price posted a 12% year-over-year decline in November

Home sales recorded over Canadian MLS® Systems fell by 3.3% between October and November 2022, more than erasing October’s small gain and rejoining the moderating sales trend that began back in February. 

Access the November 2022 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.

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