• Canadian Real Estate Association says March sales +0.5% MOM after -3.1% in Feb.
  • Activity was 10% below an average of the last 10 years.
  • Sales-to-new listings ratio tightened to 57.4% from 55.6% as new listings -1.6% MOM.
  • Average resale price +2% YOY; price index +0.7% YOY.
  • Weekly tracking showed a "burst of sales" in the last week of March, and new listings jumped in the first week of April.
  • A spring housing resurgence similar to what happened last year could materialize as the BoC changes their tone on interest-rate cuts.

CANADA DATA: March Home Sales Jumped At End Of Month

Last updated at:Apr-12 13:18By: Jessica Cairns
  • Canadian Real Estate Association says March sales +0.5% MOM after -3.1% in Feb.
  • Activity was 10% below an average of the last 10 years.
  • Sales-to-new listings ratio tightened to 57.4% from 55.6% as new listings -1.6% MOM.
  • Average resale price +2% YOY; price index +0.7% YOY.
  • Weekly tracking showed a "burst of sales" in the last week of March, and new listings jumped in the first week of April.
  • A spring housing resurgence similar to what happened last year could materialize as the BoC changes their tone on interest-rate cuts.

MNI Podcasts

Unearthing fresh policy thinking & market intelligence.

Copyright 2024Twitter, Xlinkedin logo