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Canadian Real Estate News Headlines (February 17th 2019)

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Canadian Real Estate News Headlines (February 17th 2019)

Jethro Seymour

My sales career started in 1994 with publishing and media sales...

My sales career started in 1994 with publishing and media sales...

Feb 4 2 minutes read

Hello everyone. How are you?

I provide you with Canada’s news headlines for real estate news for today.

Canadian Home Sales Climb for First Time in Five Months

Canadian home sales rose for the first time in five months in January, with Montreal leading gains that stretched across about half of markets nationwide.

Sales climbed 3.6 percent compared to December, the Canadian Real Estate Association said Friday from Ottawa. There were increases in all three of Canada’s biggest cities, with Montreal posting a 7.1 percent increase and gains of 1.2 percent in both Toronto and Vancouver.

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Canadian home sales dropped 4%, average price down 5.5% in January

The Canadian Real Estate Association says last month was the weakest January for residential sales since 2015, with the number of transactions down four per cent nationally from last year. The association says about 23,968 properties were sold through the Multiple Listing Service in January, down from 24,977 a year earlier. 

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