Market news
15.03.2021, 14:39

Canadian home sales and prices surge, while starts remain elevated

Reuters reports that according to the report from Canadian Real Estate Association (CREA), Canadian home sales and prices continued to surge in February, setting new records amid strong demand across much of the country.

Home resales jumped 6.6% in January from February, and actual sales, not seasonally adjusted, soared 39.2% from a year earlier, CREA said on Monday. The group’s Home Price Index was up 17.3% from last February and up 3.3% from January.

The average selling price of a home across Canada jumped to C$678,091 ($543,429) in February, up 25% on the year and up 9.1% on the month.

Listings rebounded in February from January, but the national sales-to-new listings ratio is still the second highest on record, CREA said.The group revised up its sales forecast for 2021 to 700,000 units from a previous 583,635 forecast in December. Seasonally adjusted sales activity is currently running at an annualized pace of 783,636 units, it said.

© 2000-2021. All rights reserved.

This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Feedback
Live Chat E-mail
Up
Choose your language / location