Ottawa, ON, August 15, 2022 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales slowed further in July 2022.
National home sales fell by 5.3% on a month-over-month basis in July.
Actual (not seasonally adjusted) monthly activity came in 29.3% below July 2021.
The number of newly listed properties dropped by 5.3% month-over-month.
The MLS® Home Price Index (HPI) edged down 1.7% month-over-month but was still up 10.9% year-over-year.
The actual (not seasonally adjusted) national average sale price posted a 5% year-over-year decline in July.
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