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STOREYS Daily - Jan 16 '23

STOREYS Daily - Jan 16 '23

"The Canadian Real Estate Association released its December housing statistics earlier today, and although another drop in prices came as a surprise to virtually no one, there was actually an increase in the number of homes that changed hands in December, bucking the months-long trend of sale numbers continually falling."

Laura Hanrahan, STOREYS Deputy Editor

Canadian Home Sales Edge Up 1.3%, But Prices Continue to Slide

Despite the usual slump of the winter months, Canadian home sales jumped up slightly in December, sitting 1.3% above the previous month.

The Canadian Real Estate Association (CREA) released its latest market data on Monday, noting that despite the bump, the total number of December sales was down 39.1% from the near-record high seen one year prior.