Canadian housing markets set records again in January

Statistics released today by the Canadian Real Estate Association (CREA) show national home sales set another all-time record in January 2021.

Summary:

• National home sales rose 2% on a month-over-month (m-o-m) basis in January.
• Actual (not seasonally adjusted) activity was up 35.2% year-over-year (y-o-y).
• The number of newly listed properties dropped by 13.3% from December 2020 to January 2021.
• The MLS^® Home Price Index (HPI) rose 1.9% m-o-m and was up 13.5% y-o-y.
• The actual (not seasonally adjusted) national average sale price posted a 22.8% y-o-y gain in January.

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Provided by: CREA