Home World News Canada news Worst January for home sales since 2009, CREA says
Canada news

Worst January for home sales since 2009, CREA says

Share
worst january for home sales since 2009 crea says
Share
worst january for home sales since 2009 crea says

The Canadian Real Estate Association says home sales in January were the lowest for the month since 2009 and fell 37.1 per cent compared with a year ago.

The drop came as January sales were also down on a month-over-month basis as they dropped three per cent compared with December.

CREA says the move lower to start the year gave back the small gains made in December.

Home sales tumbled last year as rising mortgage rates increased the cost of borrowing for Canadians and slowed the housing market.

CREA says the number of newly listed homes was up 3.3 per cent on a month-over-month basis in January.

The actual national average home price was $612,204 in January, down 18.3 per cent from January 2022.

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Posts

Related Articles
Drug precursors the new 'primary threat' entering Canada as fentanyl imports drop
Canada news

New Focus on Drug Precursors: The Evolving Battle Against Fentanyl in Canada

As Canada grapples with a devastating opioid crisis, law enforcement agencies are...

This boy hurt in collision didn't have an Indian status card, so Ottawa wouldn't pay for medical evacuation
Canada news

Family Calls for Change After Young Boy Denied Medical Evacuation Due to Status Card Issue

The family of a seven-year-old boy from the Deer Lake First Nation...

B.C. village mourns deaths of 2 longtime residents in landslide
Canada news

Tragedy Strikes Lions Bay: Community Grieves Loss of Beloved Couple in Landslide

The picturesque village of Lions Bay, located just 25 minutes north of...

This Alberta town has mountains on one side, Calgary on the other — and some big growing pains
Canada news

Cochrane, Alberta: A Town in Transition Faces Growing Pains Amidst Rapid Expansion

Nestled in a stunning river valley at the base of the majestic...