Ottawa, ON, February 15, 2013 – According to statistics released today by The Canadian Real Estate Association (CREA), national home sales activity edged up on a month-over-month basis in January 2013. National sales activity has held fairly steady after gearing down last August in the wake of tightened mortgage lending rules.
- National home sales rose 1.3% from December to January.
- Actual (not seasonally adjusted) activity came in 5.2% under levels in January 2012.
- The number of newly listed homes rose 1.6% from December to January.
- The Canadian housing market remains firmly in balanced territory.
- National average sale price was up 2% year-over-year in January.
- The MLS® HPI rose 3.1% in January, the smallest gain since April 2011.
The number of home sales processed through the MLS® Systems of real estate Boards and Associations and other cooperative listing systems in Canada edged up 1.3 per cent on a month-over-month basis in January 2013. This marks the fifth month in a row that national sales activity has shown little change from levels in the previous month.