National Stats
anadian home sales edge up to end 2022
Ottawa, ON, January 16, 2023 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were up on a month-over-month basis in December 2022.
Highlights:
National home sales rose 1.3% month-over-month in December.
Actual (not seasonally adjusted) monthly activity came in 39.1% below December 2021.
The number of newly listed properties dropped 6.4% month-over-month.
The MLS® Home Price Index (HPI) declined by 1.6% month-over-month and was down 7.5% year-over-year.
The actual (not seasonally adjusted) national average sale price posted a 12% year-over-year decline in December.
Home sales recorded over Canadian MLS® Systems edged up by 1.3% between November and December 2022. Gains were led by Ottawa and Edmonton. (Chart A)
The actual (not seasonally adjusted) number of transactions in December 2022 came in 39.1% below a near-record for that month last year.
