Wednesday, September 3, 2025

Latest

Canadian Home Sales Soared to New Record in January

Real estate activity across Canada does not appear to be slowing down in the new year, as national home sales increased by 2% since December, setting a new record in January.

According to the Canadian Real Estate Association (CREA), non-seasonally adjusted sales activity rose by 35.2% on a year-over-year basis. For the seventh consecutive month, sales activity was up in nearly all housing markets across Canada compared to the same period a year prior.

Likewise, the non-seasonally adjusted national average home price surged to a new record of $621,525 last month, amounting to a 22.8% gain compared to January 2019. Recent supply constraints have been adding further pressure on prices, as the number of newly listed homes fell by 13.3% in January. With home sales on the rise and new supply levels declining, the national sales-to-new listings ratio rose to 90.7%— the highest on record.

According to CREA, there was approximately only 1.9 months of inventory left at the end of January— the lowest reading recorded for that measure. In the meantime, the MLS Home Price Index rose by 13.5% on a year-over-year basis last month, amounting to the largest gain since June 2017.


Information for this briefing was found via the CREA. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Goliath Resources Hits 10.60 g/t Gold Over 22.82 Metres, Highest Grade Results In Third Distinct Rock Package At Surebet Discovery

Four Countries Control the Fertilizer That Feeds the World | Sage Potash

$10,000 Gold Is Just A Question of Time | Florian Grummes

Recommended

Afghanistan Quake Deaths Pass 1,400

Sage Potash Secures US$14 Million USDA Grant For Flagship Project

Related News

Canadian Mortgage Debt Surges by Most in Decade Amid Housing Boom

Canadians’ debt levels have been sent surging by the most in over a decade, as...

Sunday, June 20, 2021, 05:11:00 PM

Mexico, Canada Must ‘Shut Border’ to Avoid Tariffs Says Trump’s Commerce Pick

Howard Lutnick, President Donald Trump’s nominee for Commerce Secretary, said on Wednesday that Mexico and...

Thursday, January 30, 2025, 02:04:00 PM

Canada’s Natural Resource Sector Grows 0.3% in the Third Quarter

Real GDP in the natural resources sector rose by 0.3% in the third quarter of...

Monday, January 18, 2021, 10:34:00 AM

Toronto Proposes Vacant Home Tax in Bid to Boost City’s Housing Supply

As the exodus out of major downtown city areas begins to gain traction in Canada,...

Sunday, December 6, 2020, 11:45:00 AM

Canadian Housing Starts Soar 22% In March, To Highest Since 1977

Housing starts across Canada soared to yet another new record last month, as developers rush...

Monday, April 19, 2021, 03:09:00 PM