Property sales down in Canada for fourth month in a row
Canadian Real Estate Association | January 18, 2019
Residential property sales in Canada fell for a fourth month in a row in December while prices fell by almost 5%, the latest agent index shows. National home sales fell 2.5% from November to December 2018 and are some 19% below where they were in December 2017, according to the index data from the Canadian Real Estate Association (CREA). The index also shows that the national average price fell by 4.9% year on year to $472,000 and CREA says that the decline reflects how the jump in sales in December 2017 in advance of new lending stress tests was more pronounced.