Ottawa, ON, August 15, 2022 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales slowed further in July 2022.
HIGHLIGHTS
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National home sales fell by 5.3% on a month-over-month basis in July.
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Actual (not seasonally adjusted) monthly activity came in 29.3% below July 2021.
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The number of newly listed properties dropped by 5.3% month-over-month.
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The MLS® Home Price Index (HPI) edged down 1.7% month-over-month but was still up 10.9% year-over-year.
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The actual (not seasonally adjusted) national average sale price posted a 5% year-over-year decline in July.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.
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