The month-over-month drop came as gains in Ontario and Quebec were more than offset by lower sales in Victoria and other parts of B.C.
Home sales in January were the lowest for the month since 2009 and down 37.1 per cent compared with a year ago, the Canadian Real Estate Association said Wednesday.
Home sales tumbled last year as rising mortgage rates increased the cost of borrowing for Canadians and slowed the housing market.
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Worst January for home sales since 2009, CREA reports - BNN BloombergThe Canadian Real Estate Association says homes sales in January were the lowest for the month since 2009 and fell 37.1 per cent compared with a year ago.
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Worst January for home sales since 2009, CREA reportsHome sales in January were the lowest for the month since 2009 and down 37.1 per cent compared with a year ago, the Canadian Real Estate Association said Wednesday.
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Annual pace of housing starts in Canada fell 13% in January, CMHC saysThe national housing agency says the seasonally adjusted annual rate of housing starts for the first month of the year was 215,365 units compared with 248,296 in December
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Canada's Outstanding CEO of the Year: Royal Bank of Canada’s Dave McKayRBC CEO Dave McKay is dedicated to advancing Canadian interests and a champion of issues like climate change and youth employment. Read more
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Canada's Outstanding CEO of the Year: Royal Bank of Canada’s Dave McKayRBC CEO Dave McKay is dedicated to advancing Canadian interests and a champion of issues like climate change and youth employment. Read more
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