Canadian Home Sales Surge in December

Posted January 15, 2018

According to statistics^[1]released today by The Canadian Real Estate Association (CREA), show national home sales continued to climb in December 2017.

Highlights:

National home sales rose 4.5% from November to December.
Actual (not seasonally adjusted) activity was up 4.1% year-over-year (y-o-y).
The number of newly listed homes climbed 3.3% from November to December.
The MLS® Home Price Index (HPI) in December was up 9.1% y-o-y.
The national average sale price advanced by 5.7% y-o-y.

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charlene