Canadian home sales begin 2023 at 14-year low
Ottawa, ON, February 15, 2023 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were down on a month over-month basis in January 2023.
Highlights:
- National home sales declined 3% month-over-month in January.
- Actual (not seasonally adjusted) monthly activity came in 37.1% below January 2022.
- The number of newly listed properties rose 3.3% month-over-month.
- The MLS® Home Price Index (HPI) declined by 1.9% month-over-month and was down 12.6% year-over-year.
- The actual (not seasonally adjusted) national average sale price posted an 18.3% decline year-over-year in January.
Home sales recorded over Canadian MLS® Systems edged back down 3% between December 2022 and January 2023, giving back all of December’s small gains and rejoining the mild downward trend observed since last summer.
Access the January 2023 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
Brampton Real Estate Board 