Canadian home sales edge lower in January, 2017: CREA

The Canadian Real Estate Association (CREA), released national sales statistics for the month of January, 2017 this week. According to the CREA, “National home sales were down slightly in January 2017 on a month-over-month basis.

 

Home sales over Canadian MLS® Systems edged down by 1.3% month-over-month in January 2017, putting them at the second lowest monthly level since the fall of 2015 and only slightly above levels recorded last November when recently tightened mortgage regulations came into effect.

 

Highlights of CREA’s report

  • National home sales declined 1.3% from December 2016 to January 2017.
  • Actual (not seasonally adjusted) activity in January was up 1.9% from a year earlier.
  • The number of newly listed homes dropped 6.7% from December 2016 to January 2017.
  • The MLS® Home Price Index (HPI) in January was up 15.0% year-over-year (y-o-y).
  • The national average sale price was little changed (+0.2%) y-o-y in January.

 

Read the entire report on Canadian MLS® sales for January, 2017.

 

I’m always happy to answer your Saskatoon real estate questions.  All of my contact info is behind the contact button on the navigation bar at the top of this page. Please feel free to call or email.

 

Norm Fisher

Royal LePage Vidorra

Canadian home sales climb higher in October, 2016: CREA

The Canadian Real Estate Association (CREA), released national sales statistics for the month of October, 2016 this week. According to the CREA, “The number of homes trading hands via Canadian MLS® Systems rose 2.4 percent month-over-month in October 2016.”

“First-time home buyers looking to get into the market before having to face tougher mortgage eligibility criteria had only two weeks to do so following the Finance Minister’s announcement of tighter mortgage regulations in early October,” said Gregory Klump, CREA’s Chief Economist. “Early evidence suggests that the influence of tighter mortgage regulations on sales activity has been mixed. The federal government will no doubt want to monitor the effect of new mortgage regulations on the many varied housing markets across Canada and on the economy, particularly given the recent rise in uncertainty about economic growth prospects following the U.S. presidential election.”

Highlights of CREA’s report    

  • National home sales rose 2.4% from September to October.
  • Actual (not seasonally adjusted) activity was up 2.0% year-over-year (y-o-y) in October 2016.
  • The number of newly listed homes edged up 1.7% from September to October.
  • The MLS® Home Price Index (HPI) in October was up 14.6% y-o-y.
  • The national average sale price climbed 5.9% y-o-y.

 

Read the entire report on Canadian MLS® sales for October, 2016.

I’m always happy to answer your Saskatoon real estate questions.  All of my contact info is here. Please feel free to call or email.

Norm Fisher
Royal LePage Vidorra

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Canadian homes sales inch higher in September, 2016: CREA

The Canadian Real Estate Association (CREA), released national sales statistics for the month of September, 2016 this week. According to the CREA, “The number of homes trading hands via Canadian MLS® Systems rose 0.8 percent month-over-month in September 2016. Having eased in each of the previous four months, national home sales are 5.6 percent below the record set in April 2016.”

Highlights of CREA’s report    

  • National home sales edged up 0.8% from August to September.
  • Actual (not seasonally adjusted) activity in September rose 4.2% year-over-year (y-o-y).
  • The number of newly listed homes ticked up 0.5% from August to September.
  • The MLS® Home Price Index (HPI) in September was up 14.4% y-o-y.
  • The national average sale price climbed 9.5% y-o-y.

 

Read the entire report on Canadian MLS® sales for September, 2016.

I’m always happy to answer your Saskatoon real estate questions.  All of my contact info is here. Please feel free to call or email.

Norm Fisher
Royal LePage Vidorra

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Curious about home values in your area? Receive a free report that includes sale prices of recently sold homes, average days on the market and average discounts.

Canadian home sales post first year-over-year decline since January 2015 in July 2016: CREA

The Canadian Real Estate Association (CREA), released national sales statistics for the month of July, 2016 this week. According to the CREA, “The number of homes trading hands via Canadian MLS® Systems fell by 1.3 percent month-over-month in July 2016. With similar monthly declines having been posted in May and June, national sales activity in July came in 3.9 percent below the record set in April 2016…Actual (not seasonally adjusted) sales activity was down 2.9 percent year-over-year (y-o-y) in July 2016, marking the first y-o-y decline since January 2015 and the largest since April 2013. In line with softening activity in the Lower Mainland, y-o-y increases have been losing momentum since February 2016. Sales were down from levels one year earlier in about 60 percent of all Canadian markets, led by Greater Vancouver, the Fraser Valley, Calgary and Edmonton.”

Highlights of CREA’s report    

  • National home sales fell 1.3% from June to July.
  • Actual (not seasonally adjusted) activity came in 2.9% below July 2015.
  • The number of newly listed homes rose 1.2% from June to July.
  • The MLS® Home Price Index (HPI) rose 14.3% year-over-year in July.
  • The national average sale price climbed 9.9% in July from one year ago; net of the Greater Toronto Area (GTA) and Greater Vancouver, it advanced 7% year-over-year.

 

Read the entire report on Canadian MLS® sales for July, 2016.

I’m always happy to answer your Saskatoon real estate questions.  All of my contact info is here. Please feel free to call or email.

Norm Fisher
Royal LePage Vidorra

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Curious about home values in your area? Receive a free report that includes sale prices of recently sold homes, average days on the market and average discounts.

Canadian home price index sees its largest gains since 2006 in June: CREA

The Canadian Real Estate Association (CREA), released national sales statistics for the month of June, 2016 this week. According to the CREA, “The Aggregate Composite MLS® Benchmark price rose by 13.6 percent year-over-year to $564,700 in June 2016, the biggest gain since December 2006. For the fifth consecutive month, year-over-year price growth accelerated for all Benchmark property types tracked by the index.”

Highlights of CREA’s report    

  • National home sales fell 0.9% from May to June.
  • Actual (not seasonally adjusted) activity came in 5.2% above June 2015.
  • The number of newly listed homes rose 2.2% from May to June.
  • The MLS® Home Price Index (HPI) rose 13.6% year-over-year in June.
  • The national average sale price climbed 11.2% in June from one year ago; net of Greater Toronto and Greater Vancouver, it advanced 8.4% year-over-year.

Read the entire report on Canadian MLS® sales for June, 2016.

I’m always happy to answer your Saskatoon real estate questions.  All of my contact info is here. Please feel free to call or email.

Norm Fisher
Royal LePage Vidorra

Receive a weekly digest of our blog posts

Curious about home values in your area? Receive a free report that includes sale prices of recently sold homes, average days on the market and average discounts.