Sales increased month on month in Canada in January but are below a year ago

Property sales on a national level increased in Canada in January 2019 month on month but they remained below levels recorded one year ago, the latest index shows. Overall sales increased by 3.6% from December 2018 but are 4% below the same period in 2018 while the national average sales price fell by 5.5% in January and were up 3.6% year on year. The data from the Canadian Real Estate Association (CREA) also shows The actual, not seasonally adjusted, national average price for homes sold in January 2019 was just under $455,000 but this is heavily skewed by sales in Greater Vancouver and the GTA, two of Canada’s most active and expensive markets. Excluding these two markets takes the national average price to just over $360,000.