David Ford

Director

Office:

Phone

Address:

15252 32nd Ave, Suite 306, Surrey, British Columbia V3Z 0R7

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2022

Statistics released by the Canadian Real Estate Association (CREA) show national home sales edged a little higher in October 2022.

HIGHLIGHTS

National home sales were up 1.3% on a month-over-month basis in October.
Actual (not seasonally adjusted) monthly activity came in 36% below October 2021.
The number of newly listed properties edged up 2.2% month-over-month.
The MLS® Home Price Index (HPI) declined by 1.2% month-over-month and was down 0.8% year-over-year.
The actual (not seasonally adjusted) national average sale price posted a 9.9% year-over-year decline in October.