The Canadian Real Estate Association says February home sales jumped 19.7 per cent compared with a year ago.
The association says the increase in part reflected weakness last year, as the result for February 2023 was one of the lowest for the month in the past two decades.
On a month-over-month basis, CREA says seasonally adjusted home sales in February dipped 3.1 per cent compared with January.
OBJ360 (Sponsored)
BAE Systems’ talent, innovation generating Canadian growth and security
BAE Systems has played a vital role in the Canadian defence and security industrial base for more than a century. Since 1911, it has worked with the Canadian Armed Forces
A new signature event is set to grace the Ottawa business and philanthropic calendar this summer. CHEO Foundation and the prestigious The Royal Ottawa Golf Club are proud to announce
CREA senior economist Shaun Cathcart says February could end being the “last relatively uneventful month of the year” for home sales, due to pent up demand that has been put on hold amid the high interest rate environment.
The number of newly listed properties was up 1.6 per cent month-over-month.
The actual national average home price was $685,809 last month, up 3.5 per cent from February 2023.
