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Ottawa, ON, April 19, 2022 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales and newly available listings both retreated in March 2022 after having jumped briefly higher in February.


  • National home sales fell back by 5.4% on a month-over-month basis in March.

  • Actual (not seasonally adjusted) monthly activity came in 16.3% below the all-time sales record set in March 2021.

  • The number of newly listed properties was down 5.5% month-over-month.

  • The MLS® Home Price Index (HPI) rose 1% month-over-month and was up 27.1% year-over-year.

  • The actual (not seasonally adjusted) national average sale price posted an 11.2% year-over-year gain in March.

Home sales recorded over Canadian MLS® Systems fell back 5.4% between February and March 2022. The decline puts activity back in line with where it had been since last fall. (Chart A)

Sales were down in about half of local markets in March, led by declines in the Greater Toronto...


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March 2022 REBGV Real Estate Market Report

Calmer than last spring’s record pace, Metro Vancouver home buyer demand remains elevated

While down from last year’s record numbers, home sale activity in Metro Vancouver’s housing market remained elevated in March.

The Real Estate Board of Greater Vancouver (REBGV) reports that residential home sales in the region totalled 4,344 in March 2022, a 23.9 per cent decrease from the 5,708 sales recorded in March 2021, and a 26.9 per cent increase from the 3,424 homes sold in February 2022. 

Last month’s sales were 25.5 per cent above the 10-year March sales average. 

“March of 2021 was the highest selling month in our history. This year’s activity, while still elevated, is happening at a calmer pace than we experienced 12 months ago,” Daniel John, REBGV Chair said. “Home buyers are keeping a close eye on rising interest rates, hoping to make a move before their locked-in rates expire.” 

There were 6,673 detached, attached and...