CREA reports December home sales up 22.7 per cent compared with year ago
Posted January 15, 2020 6:24 am.
Last Updated January 15, 2020 9:45 am.
OTTAWA — The Canadian Real Estate Association says home sales in December were up 22.7 per cent compared with a year ago when sales were relatively quiet.
The association says sales in the final month of 2019 were up compared with a year ago earlier across most of Canada, including all of the largest urban markets.
On a month-over-month basis, home sales in December were down 0.9 per cent.
The decline ended a streak of monthly gains that began last March.
The actual national average price for a home sold in December 2019 was about $517,000, up 9.6 per cent compared with a year earlier.
Excluding the Greater Vancouver and Greater Toronto Area, two of the country’s most expensive and active housing markets, the average price of a home sold was about $400,000, up 6.7 per cent compared with December 2018.
This report by The Canadian Press was first published Jan. 15, 2020.
