Statistics released by the Canadian Real Estate Association (CREA) show national home sales were down on a monthover-month basis in January 2023.

Highlights:

• National home sales declined 3% month-over-month in January.
• Actual (not seasonally adjusted) monthly activity came in 37.1% below January 2022.
• The number of newly listed properties rose 3.3% month-over-month.
• The MLS® Home Price Index (HPI) declined by 1.9% month-over-month and was down 12.6% year-over-year.
• The actual (not seasonally adjusted) national average sale price posted an 18.3% decline year-over-year in January.

https://stats.crea.ca/en-CA/