FRANK FU 傅浩桓

Real Estate Consultant, CIPS®, SRES®, MCNE®

Personal Real Estate Corporation

KELLER WILLIAMS Realty VanCentral 英語,普通話,粵語

February home sales in Canada rise as buyers scoop up first of the 2022 spring listings

Ottawa, ON, March 15, 2022 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were up in February 2022 as buyers jumped on the first batch of spring listings.

HIGHLIGHTS

  • National home sales rose 4.6% on a month-over-month basis in February.

  • Actual (not seasonally adjusted) monthly activity came in 8.2% below the record February in 2021.

  • The number of newly listed properties bounced back by 23.7% month-over-month.

  • The MLS® Home Price Index (HPI) rose a record 3.5% month-over-month and was up a record 29.2% year-over-year.

  • The actual (not seasonally adjusted) national average sale price posted a 20.6% year-over-year gain in February.

Home sales recorded over Canadian MLS® Systems climbed 4.6% between January and February 2022. The monthly increase in activity was likely the result of a rebound in new listings in February following big a decline in January. 


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