Canada March existing home sales from CREA

  • Prior was +5.2%
  • Not seasonally adjusted activity in March was up 6.6% from a year earlier
  • The number of newly listed homes climbed 2.5% from February to March.
  • The MLS Home Price Index was up 18.6% y/y
  • The national average sale price increased by 8.2% y/y in March
  • 4.1 months of inventory (all time low)
  • Full report

The 18.6% y/y house price rise is a record.

"The current strength in national home sales mainly speaks to what's going on in and around Toronto," said CREA President Andrew Peck. "Elsewhere, sales either remain slow or well below previous heights."