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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