The Canadian Real Estate Association News Release
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- Marianna Short
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1 The Canadian Real Estate Association News Release Canadian home sales edge up in September Ottawa, ON, October 14, 2016 According to statistics 1 released today by The Canadian Real Estate Association (CREA), national home sales edged slightly higher in compared to August. Highlights: National home sales edged up 0.8% from August to September. Actual (not seasonally adjusted) activity in September rose 4.2% (y-o-y). The number of newly listed homes ticked up 0.5% from August to September. The MLS Home Price Index (HPI) in September was up 14.4% y-o-y. The national average sale price climbed 9.5% y-o-y. The number of homes trading hands via Canadian MLS Systems rose 0.8 percent month-over-month in. Having eased in each of the previous four months, national home sales are 5.6 percent below the record set in April (Chart A) Chart A The number of markets was evenly split between those where activity rose on a monthover-month basis and those where it declined. Continuing recent trends, sales climbed further in and around the Greater Toronto Area (GTA) and fell further in and around the Lower Mainland of British Columbia. As previously reported, Greater Vancouver and Fraser Valley home sales had retreated sharply for five months straight before the new foreign buyers tax in Metro Vancouver was announced in August. Activity has returned to more normal levels after having peaked at the start of this year. Indeed, most of the decline since the April peak in national sales reflects the rapid drop in activity in and around B.C. s Lower Mainland. * Data table available to media upon request, for purposes of reprinting only. The Finance Minister s recent s to regulations affecting mortgage lending has added to housing market uncertainty among buyers and sellers, said CREA President Cliff Iverson. For first-time home buyers, the stress test for those who need mortgage default insurance will cause them to rethink how much home they can afford to buy. First-time home buyers, particularly in housing markets with a lack of affordable inventory of single family homes, may be priced out of the market by the new regulations that take effect on October 17th, said Gregory Klump, CREA s Chief Economist. First-time home buyers support a cascade of other homes changing hands, making them the linchpin of the housing market. The federal government will no doubt want to monitor the effect of new regulations on the many varied housing markets across Canada and on the economy, particularly given the uncertain outlook for other private sector engines of economic growth. 1 All figures in this release except price measures are seasonally adjusted unless otherwise noted. Removing normal seasonal variations enables meaningful analysis of s and fundamental trends. The trademarks MLS, Multiple Listing Service and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. 1
2 Actual (not seasonally adjusted) sales activity was up 4.2 percent y-o-y in. Transactions were up from year-ago levels in almost two-thirds of all Canadian markets. Led by the GTA and environs, the increase was held in check by the drop in activity in B.C. s Lower Mainland. The number of newly listed homes inched up by 0.5 percent in compared to August. As with sales activity, the number of markets where new listings were up on a month-over-month basis and those where they fell was evenly split. With inventory in acutely short supply, the rise in new listings supported higher sales activity in the GTA and the national total. With sales and new listings having risen by similar magnitudes, the national sales-to-new listings ratio (62.1 percent) was little d from August (61.9 percent) and remains well off the peak reached in May (65.3 percent). A sales-to-new listings ratio between 40 and 60 percent is generally consistent with balanced housing market conditions, with readings below and above this range indicating buyers and sellers markets respectively. The ratio was above 60 percent in almost half of all local housing markets in September, virtually all of which continue to be located in British Columbia, in and around the Greater Toronto Area and across Southwestern Ontario. However, the ratio has moved out of sellers market territory and into the mid-50 percent range in Greater Vancouver and the Fraser Valley. The number of months of inventory is another important measure of the balance between housing supply and demand. It represents the number of months it would take to completely liquidate current inventories at the current rate of sales activity. There were 4.7 months of inventory on a national basis at the end of. The measure has remained virtually und since April, with fewer sales in the Lower Mainland counterbalanced by a shrinking supply of listings in and around the GTA. The tight balance between housing supply and demand in Ontario s Greater Golden Horseshoe region is without precedent (including the GTA, Hamilton-Burlington, Oakville-Milton, Guelph, Kitchener- Waterloo, Cambridge, Brantford, the Niagara Region, Barrie and nearby cottage country). The number of months of inventory ranges between one and two months in Greater Golden Horseshoe housing markets and is less than one month inside the GTA. Chart B The Aggregate Composite MLS HPI rose by 14.4 percent y-o-y in. Down from 14.7 percent in August this was the first deceleration since March (Chart B) * Data table available to media upon request, for purposes of reprinting only. The trademarks MLS, Multiple Listing Service and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. 2
3 On a y-o-y basis, price growth throttled back for one-storey single family homes and apartment units and held steady for two-storey single family homes and townhouse/row units. Townhouse/row unit and two-storey single family home posted the biggest y-o-y increases in (16.4 percent and 16.3 percent respectively). Price increases were close behind for one-storey single family homes (14.0 percent) and apartment units (11.1 percent). While prices in 9 of the 11 markets tracked by the MLS HPI posted y-o-y gains in September, increases continue to vary widely among housing markets. Greater Vancouver ( percent) and the Fraser Valley (+35.0 percent) posted the largest y-o-y gains by a wide margin. However, single family home prices in both of these markets dropped from the month before, marking the first significant decline since late Double-digit y-o-y price gains were also registered in Greater Toronto (+18.0 percent), Victoria (+19.4 percent) and Vancouver Island (+13.9 percent). By contrast, prices were down -4.1 percent y-o-y in Calgary. Although home prices there have held steady since May, they have remained below year-ago levels since August 2015 and are down 4.6 percent from the peak reached in January Home prices also edged lower by 1.2 percent y-o-y in Saskatoon. Home prices in Saskatoon have also held below year-ago levels since August Meanwhile, home prices posted additional y-o-y gains in Regina (+4.9 percent), Greater Moncton (+4.2 percent), Ottawa (+2.7 percent) and Greater Montreal (+2.7 percent). (Table 1) The MLS Home Price Index (MLS HPI) provides the best way of gauging price trends because average price trends are prone to being strongly distorted by s in the mix of sales activity from one month to the next. The actual (not seasonally adjusted) national average price for homes sold in was up 9.5 percent y-o-y to $474,590. The national average price continues to be pulled upward by sales activity in Greater Vancouver and Greater Toronto, which remain two of Canada s tightest, most active and expensive housing markets. That said, Greater Vancouver s share of national sales activity has diminished considerably of late, resulting in it having less upward influence on the national average price. Even so, the average price is reduced by more than $100,000 to $358,884 if Greater Vancouver and Greater Toronto sales are excluded from calculations. The trademarks MLS, Multiple Listing Service and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. 3
4 Table 1 Composite HPI: September 2016 MLS Home Price Index Benchmark Price 1 month ago 3 months ago Percentage Change vs. 6 months ago 12 months ago 3 years ago 5 years ago Aggregate $576, Lower Mainland $825, Greater Vancouver $926, Fraser Valley $637, Vancouver Island $363, Victoria $537, Calgary $436, Regina $295, Saskatoon $306, Greater Toronto $669, Ottawa $340, Greater Montreal $311, Greater Moncton $162, Interactive tables and charts for MLS Home Price Index data on Composite, Single family homes (including separate indices for one- and two-storey homes), Townhouse/row units, and Apartment units are available at Data table available to media upon request, for purposes of reprinting only. PLEASE NOTE: The information contained in this news release combines both major market and national sales information from MLS Systems from the previous month CREA cautions that average price information can be useful in establishing trends over time, but does not indicate actual prices in centres comprised of widely divergent neighbourhoods or account for price differential between geographic areas. Statistical information contained in this report includes all housing types. MLS Systems are co-operative marketing systems used only by Canada s real estate Boards to ensure maximum exposure of properties listed for sale. The Canadian Real Estate Association (CREA) is one of Canada s largest single-industry trade associations, representing more than 115,000 REALTORS working through some 90 real estate Boards and Associations. Further information can be found at For more information, please contact: Pierre Leduc, Media Relations The Canadian Real Estate Association Tel.: or pleduc@crea.ca The trademarks MLS, Multiple Listing Service and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. 4
5 National Charts Chart 1 Chart 2 Chart 3 Chart 4 Chart 5 Chart 6 The trademarks MLS, Multiple Listing Service and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. 5
6 MLS Home Price Index The trademarks MLS, Multiple Listing Service and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. 6
7 The trademarks MLS, Multiple Listing Service and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. 7
8 MLS Home Price Index The trademarks MLS, Multiple Listing Service and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. 8
9 The trademarks MLS, Multiple Listing Service and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. 9
10 Dollar Volume over MLS Systems of Select Canadian Real Estate Boards & Associations Dollar Volume* Fraser Valley , , , Greater Vancouver 2, , , , , , , , Victoria Calgary Edmonton Regina Saskatoon Winnipeg Hamilton-Burlington Kitchener-Waterloo London and St Thomas Niagara Region Ottawa Sudbury Thunder Bay n/a n/a - n/a n/a - n/a n/a - n/a n/a - Greater Toronto 7, , , , , , , , Windsor-Essex Trois Rivières CMA Montreal CMA 1, , , , , , Gatineau CMA Quebec CMA Saguenay CMA Sherbrooke CMA Saint John Halifax-Dartmouth Newfoundland & Labrador Canada 22, , , , , , , , * in millions of dollars Detailed data for the Toronto Real Estate Board (TREB) market area can be found at National totals incorporate estimates for n/a data. 1 Total = + Non-residential Note: Due to revisions to geographical coverage, statistics for the Kitchener-Waterloo region from 2000 forward are not directly comparable with its statistics for previous years. Note: Due to s in local market boundaries and data collection in the province of Quebec, local market and provincial totals for Quebec and Canada after 2000 are not directly comparable with earlier years. Note: Due to a in data collection methodology, s.a. and nsa data for Kitchener Waterloo and Halifax Dartmouth (and some other markets not included in the above table) have been revised back to January 2001.
11 Sales Activity over MLS Systems of Select Canadian Real Estate Boards & Associations Sales Activity Fraser Valley 1,487 1, ,305 1, ,443 1, ,246 1, Greater Vancouver 2,708 2, ,364 3, ,658 2, ,304 3, Victoria Calgary 2,000 1, ,003 1, ,904 1, ,917 1, Edmonton 1,598 1, ,665 1, ,450 1, ,499 1, Regina Saskatoon Winnipeg 1,125 1, ,216 1, ,058 1, ,149 1, Hamilton-Burlington 1,345 1, ,317 1, ,281 1, ,259 1, Kitchener-Waterloo London and St Thomas Niagara Region Ottawa 1,438 1, ,429 1, ,397 1, ,387 1, Sudbury Thunder Bay n/a n/a - n/a n/a - n/a n/a - n/a n/a - Greater Toronto 9,951 9, ,902 8, ,881 9, ,902 8, Windsor-Essex Trois Rivières CMA Montreal CMA 3,485 3, ,881 2, ,342 3, ,757 2, Gatineau CMA Quebec CMA Saguenay CMA Sherbrooke CMA Saint John Halifax-Dartmouth Newfoundland & Labrador Canada 47,074 46, ,101 45, ,096 43, ,033 42, Detailed data for the Toronto Real Estate Board (TREB) market area can be found at National totals incorporate estimates for n/a data. 1 Total = + Non-residential Note: Due to revisions to geographical coverage, statistics for the Kitchener-Waterloo region from 2000 forward are not directly comparable with its statistics for previous years. Note: Due to s in local market boundaries and data collection in the province of Quebec, local market and provincial totals for Quebec and Canada after 2000 are not directly comparable with earlier years. Note: Due to a in data collection methodology, s.a. and nsa data for Kitchener Waterloo and Halifax Dartmouth (and some other markets not included in the above table) have been revised back to January The interplay of local and provincial data influences in the seasonal adjustment process also necessitated revision back to January 2001 for all s.a. data for local markets in the province of Ontario. Source: The Canadian Real Estate Association
12 New Listings over MLS Systems of Select Canadian Real Estate Boards & Associations New Listings Fraser Valley 2,908 2, ,709 2, ,559 2, ,460 2, Greater Vancouver 5,213 5, ,152 5, ,924 4, ,947 4, Victoria 1,088 1, , , Calgary 3,705 3, ,005 4, ,412 3, ,691 3, Edmonton 3,530 3, ,540 3, ,015 2, ,075 3, Regina Saskatoon 1,041 1, ,146 1, , ,089 1, Winnipeg 1,847 1, ,025 2, ,602 1, ,823 2, Hamilton-Burlington 1,717 1, ,940 2, ,573 1, ,775 1, Kitchener-Waterloo London and St Thomas 1,459 1, ,474 1, ,256 1, ,282 1, Niagara Region Ottawa 2,534 2, ,577 2, ,403 2, ,438 2, Sudbury Thunder Bay n/a n/a - n/a n/a - n/a n/a - n/a n/a - Greater Toronto 12,854 12, ,111 16, ,858 12, ,111 16, Windsor-Essex 986 1, Trois Rivières CMA Montreal CMA 6,240 6, ,609 7, ,867 5, ,190 6, Gatineau CMA Quebec CMA 1,229 1, ,244 1, ,137 1, ,138 1, Saguenay CMA Sherbrooke CMA Saint John Halifax-Dartmouth Newfoundland & Labrador 1,135 1, ,147 1, Canada 80,400 79, ,442 87, ,002 70, ,543 78, Detailed data for the Toronto Real Estate Board (TREB) market area can be found at National totals incorporate estimates for n/a data. 1 Total = + Non-residential Note: Due to revisions to geographical coverage, statistics for the Kitchener-Waterloo region from 2000 forward are not directly comparable with its statistics for previous years. Note: Due to s in local market boundaries and data collection in the province of Quebec, local market and provincial totals for Quebec and Canada after 2000 are not directly comparable with earlier years. Note: Due to a in data collection methodology, s.a. and nsa data for Kitchener Waterloo and Halifax Dartmouth (and some other markets not included in the above table) have been revised back to January The interplay of local and provincial data influences in the seasonal adjustment process also necessitated revision back to January 2001 for all s.a. data for local markets in the province of Ontario. Source: The Canadian Real Estate Association
13 Average Sale Price over MLS Systems of Select Canadian Real Estate Boards & Associations Average Price* Fraser Valley 613, , , , , , , , Greater Vancouver 906, , , , , , , , Victoria 585, , , , , , , , Calgary 479, , , , , , , , Edmonton 376, , , , , , , , Regina 316, , , , , , , , Saskatoon 350, , , , , , , , Winnipeg 280, , , , , , , , Hamilton-Burlington 514, , , , , , , , Kitchener-Waterloo 383, , , , , , , , London and St Thomas 296, , , , , , , , Niagara Region 351, , , , , , , , Ottawa 362, , , , , , , , Sudbury 240, , , , , , , , Thunder Bay n/a n/a - n/a n/a - n/a n/a - n/a n/a - Greater Toronto 753, , , , , , , , Windsor-Essex 220, , , , , , , , Trois Rivières CMA 171, , n/a n/a - 174, , , , Montreal CMA 370, , n/a n/a - 361, , , , Gatineau CMA 238, , n/a n/a - 243, , , , Quebec CMA 275, , n/a n/a - 265, , , , Saguenay CMA 200, , n/a n/a - 180, , , , Sherbrooke CMA 255, , n/a n/a - 242, , , , Saint John 170, , , , , , , , Halifax-Dartmouth 312, , , , , , , , Newfoundland & Labrador 246, , , , , , , , Canada 476, , , , , , , , * Weighted residential average prices for Quebec (provided by Québec Federation of Real Estate Boards); does not affect weighted and unweighted national average price calculations. Information on Quebec's weighted average price calculation can be found at: Detailed data for the Toronto Real Estate Board (TREB) market area can be found at National totals incorporate estimates for n/a data. 1 Total = + Non-residential Note: Due to revisions to geographical coverage, statistics for the Kitchener-Waterloo region from 2000 forward are not directly comparable with its statistics for previous years. Note: Due to s in local market boundaries and data collection in the province of Quebec, local market and provincial totals for Quebec and Canada after 2000 are not directly comparable with earlier years. Note: Due to a in data collection methodology, s.a. and nsa data for Kitchener Waterloo and Halifax Dartmouth (and some other markets not included in the above table) have been revised back to January The interplay of local and provincial data influences in the seasonal adjustment process also necessitated revision back to January 2001 for all s.a. data for local markets in the province of Ontario. Source: The Canadian Real Estate Association
14 Sales as a Percentage of New Listings over MLS Systems of Select Canadian Real Estate Boards & Associations Sales as a Percentage of New Listings* Fraser Valley Greater Vancouver Victoria Calgary Edmonton Regina Saskatoon Winnipeg Hamilton-Burlington Kitchener-Waterloo London and St Thomas Niagara Region Ottawa Sudbury Thunder Bay n/a n/a - n/a n/a - n/a n/a - n/a n/a - Greater Toronto Windsor-Essex Trois Rivières CMA Montreal CMA Gatineau CMA Quebec CMA Saguenay CMA Sherbrooke CMA Saint John Halifax-Dartmouth Newfoundland & Labrador Canada *Actual (not seasonally adjusted) data for sales-to-new listings ratios are based on a 12-month moving average Detailed data for the Toronto Real Estate Board (TREB) market area can be found at National totals incorporate estimates for n/a data. 1 Total = + Non-residential Note: Due to revisions to geographical coverage, statistics for the Kitchener-Waterloo region from 2000 forward are not directly comparable with its statistics for previous years. Note: Due to s in local market boundaries and data collection in the province of Quebec, local market and provincial totals for Quebec and Canada after 2000 are not directly comparable with earlier years. Note: Due to a in data collection methodology, s.a. and nsa data for Kitchener Waterloo and Halifax Dartmouth (and some other markets not included in the above table) have been revised back to January The interplay of local and provincial data influences in the seasonal adjustment process also necessitated revision back to January 2001 for all s.a. data for local markets in the province of Ontario. Source: The Canadian Real Estate Association
15 Dollar Volume over MLS Systems of Select Canadian Real Estate Boards & Associations Year to date Dollar Volume* Fraser Valley 13, , , , , , , , Greater Vancouver 35, , , , , , , , Victoria 4, , , , , , , , Calgary 8, , , , , , , , Edmonton 5, , , , , , , , Regina Saskatoon 1, , , , , , , , Winnipeg 2, , , , , , , , Hamilton-Burlington 6, , , , , , , , Kitchener-Waterloo 2, , , , , , , , London and St Thomas 2, , , , , , , , Niagara Region 2, , , , , , , , Ottawa 4, , , , , , , , Sudbury Thunder Bay n/a n/a - n/a n/a - n/a n/a - n/a n/a - Greater Toronto 60, , , , , , , , Windsor-Essex 1, , , , , Trois Rivières CMA Montreal CMA 10, , , , , , , , Gatineau CMA Quebec CMA 1, , , , , , , , Saguenay CMA Sherbrooke CMA Saint John Halifax-Dartmouth 1, , , , , , , , Newfoundland & Labrador Canada 207, , , , , , , , * in millions of dollars Detailed data for the Toronto Real Estate Board (TREB) market area can be found at National totals incorporate estimates for n/a data. 1 Total = + Non-residential Note: Due to revisions to geographical coverage, statistics for the Kitchener-Waterloo region from 2000 forward are not directly comparable with its statistics for previous years. Note: Due to s in local market boundaries and data collection in the province of Quebec, local market and provincial totals for Quebec and Canada after 2000 are not directly comparable with earlier years. Note: Due to a in data collection methodology, s.a. and nsa data for Kitchener Waterloo and Halifax Dartmouth (and some other markets not included in the above table) have been revised back to January The interplay of local and provincial data influences in the seasonal adjustment process also necessitated revision back to January 2001 for all s.a. data for local markets in the province of Ontario. Source: The Canadian Real Estate Association
16 Sales Activity over MLS Systems of Select Canadian Real Estate Boards & Associations Year to date Sales Activity Fraser Valley 19,602 15, ,436 16, ,782 14, ,599 15, Greater Vancouver 34,028 31, ,286 33, ,360 31, ,598 32, Victoria 8,229 6, ,817 6, ,734 5, ,331 6, Calgary 17,464 19, ,685 20, ,518 18, ,773 19, Edmonton 14,057 15, ,279 16, ,529 13, ,674 14, Regina 2,651 2, ,857 2, ,588 2, ,802 2, Saskatoon 3,717 4, ,985 4, ,612 3, ,869 4, Winnipeg 10,274 9, ,000 10, ,712 9, ,412 9, Hamilton-Burlington 12,203 12, ,975 13, ,614 11, ,397 12, Kitchener-Waterloo 5,642 5, ,049 5, ,897 4, ,248 4, London and St Thomas 8,079 7, ,739 8, ,742 7, ,377 7, Niagara Region 6,469 5, ,964 5, ,972 5, ,452 5, Ottawa 12,045 11, ,127 12, ,699 11, ,784 11, Sudbury 1,939 1, ,094 2, ,729 1, ,869 1, Thunder Bay n/a n/a - n/a n/a - n/a n/a - n/a n/a - Greater Toronto 84,054 75, ,072 80, ,070 75, ,072 80, Windsor-Essex 5,703 5, ,051 5, ,256 4, ,611 4, Trois Rivières CMA Montreal CMA 30,798 29, ,523 30, ,684 28, ,419 29, Gatineau CMA 3,105 2, ,311 2, ,943 2, ,150 2, Quebec CMA 5,270 5, ,519 5, ,011 4, ,262 5, Saguenay CMA Sherbrooke CMA 1,480 1, ,563 1, ,340 1, ,412 1, Saint John 1,617 1, ,727 1, ,405 1, ,516 1, Halifax-Dartmouth 4,057 3, ,381 4, ,805 3, ,122 3, Newfoundland & Labrador 3,438 3, ,351 3, ,199 3, ,122 3, Canada 431, , , , , , , , Detailed data for the Toronto Real Estate Board (TREB) market area can be found at National totals incorporate estimates for n/a data. 1 Total = + Non-residential Note: Due to revisions to geographical coverage, statistics for the Kitchener-Waterloo region from 2000 forward are not directly comparable with its statistics for previous years. Note: Due to s in local market boundaries and data collection in the province of Quebec, local market and provincial totals for Quebec and Canada after 2000 are not directly comparable with earlier years. Note: Due to a in data collection methodology, s.a. and nsa data for Kitchener Waterloo and Halifax Dartmouth (and some other markets not included in the above table) have been revised back to January The interplay of local and provincial data influences in the seasonal adjustment process also necessitated revision back to January 2001 for all s.a. data for local markets in the province of Ontario. Source: The Canadian Real Estate Association
17 New Listings over MLS Systems of Select Canadian Real Estate Boards & Associations Year to date New Listings Fraser Valley 26,790 23, ,946 25, ,517 20, ,563 23, Greater Vancouver 47,473 46, ,770 51, ,320 43, ,600 49, Victoria 9,980 9, ,168 10, ,026 8, ,159 9, Calgary 34,302 33, ,746 37, ,139 30, ,386 34, Edmonton 30,747 31, ,465 35, ,349 26, ,551 30, Regina 5,746 6, ,124 6, ,448 5, ,870 6, Saskatoon 10,242 10, ,201 11, ,665 10, ,600 11, Winnipeg 18,163 18, ,030 20, ,297 16, ,967 18, Hamilton-Burlington 15,088 16, ,453 18, ,784 15, ,160 17, Kitchener-Waterloo 7,900 9, ,629 9, ,256 7, ,638 7, London and St Thomas 13,743 14, ,901 16, ,831 12, ,926 14, Niagara Region 7,961 8, ,675 9, ,955 7, ,639 7, Ottawa 23,830 25, ,656 28, ,551 24, ,287 27, Sudbury 4,513 4, ,987 4, ,520 3, ,905 3, Thunder Bay n/a n/a - n/a n/a - n/a n/a - n/a n/a - Greater Toronto 114, , , , , , , , Windsor-Essex 8,647 8, ,401 9, ,140 7, ,826 7, Trois Rivières CMA 1,650 1, ,706 1, ,437 1, ,498 1, Montreal CMA 57,661 62, ,120 65, ,195 58, ,423 61, Gatineau CMA 7,097 7, ,732 7, ,388 6, ,971 7, Quebec CMA 11,257 11, ,729 11, ,188 10, ,652 10, Saguenay CMA 2,014 2, ,190 2, ,807 1, ,970 2, Sherbrooke CMA 3,195 3, ,295 3, ,661 2, ,738 2, Saint John 4,286 4, ,750 4, ,241 3, ,615 3, Halifax-Dartmouth 8,226 9, ,398 10, ,013 7, ,066 8, Newfoundland & Labrador 10,427 10, ,351 10, ,374 8, ,173 8, Canada 733, , , , , , , , Detailed data for the Toronto Real Estate Board (TREB) market area can be found at National totals incorporate estimates for n/a data. 1 Total = + Non-residential Note: Due to revisions to geographical coverage, statistics for the Kitchener-Waterloo region from 2000 forward are not directly comparable with its statistics for previous years. Note: Due to s in local market boundaries and data collection in the province of Quebec, local market and provincial totals for Quebec and Canada after 2000 are not directly comparable with earlier years. Note: Due to a in data collection methodology, s.a. and nsa data for Kitchener Waterloo and Halifax Dartmouth (and some other markets not included in the above table) have been revised back to January The interplay of local and provincial data influences in the seasonal adjustment process also necessitated revision back to January 2001 for all s.a. data for local markets in the province of Ontario. Source: The Canadian Real Estate Association
18 Average Sale Price over MLS Systems of Select Canadian Real Estate Boards & Associations Year to date Average Price* Fraser Valley 677, , , , , , , , Greater Vancouver 1,024, , ,038, , ,023, , ,036, , Victoria 560, , , , , , , , Calgary 469, , , , , , , , Edmonton 373, , , , , , , , Regina 319, , , , , , , , Saskatoon 352, , , , , , , , Winnipeg 275, , , , , , , , Hamilton-Burlington 490, , , , , , , , Kitchener-Waterloo 355, , , , , , , , London and St Thomas 283, , , , , , , , Niagara Region 314, , , , , , , , Ottawa 363, , , , , , , , Sudbury 239, , , , , , , , Thunder Bay n/a n/a - n/a n/a - n/a n/a - n/a n/a - Greater Toronto 708, , , , , , , , Windsor-Essex 221, , , , , , , , Trois Rivières CMA 162, , n/a n/a - 159, , , , Montreal CMA 358, , n/a n/a - 348, , , , Gatineau CMA 242, , n/a n/a - 244, , , , Quebec CMA 271, , n/a n/a - 264, , , , Saguenay CMA 188, , n/a n/a - 182, , , , Sherbrooke CMA 246, , n/a n/a - 232, , , , Saint John 158, , , , , , , , Halifax-Dartmouth 281, , , , , , , , Newfoundland & Labrador 248, , , , , , , , Canada 478, , , , , , , , * Weighted residential average prices for Quebec (provided by Québec Federation of Real Estate Boards); does not affect weighted and unweighted national average price calculations. Information on Quebec's weighted average price calculation can be found at: Detailed data for the Toronto Real Estate Board (TREB) market area can be found at National totals incorporate estimates for n/a data. 1 Total = + Non-residential Note: Due to revisions to geographical coverage, statistics for the Kitchener-Waterloo region from 2000 forward are not directly comparable with its statistics for previous years. Note: Due to s in local market boundaries and data collection in the province of Quebec, local market and provincial totals for Quebec and Canada after 2000 are not directly comparable with earlier years. Note: Due to a in data collection methodology, s.a. and nsa data for Kitchener Waterloo and Halifax Dartmouth (and some other markets not included in the above table) have been revised back to January The interplay of local and provincial data influences in the seasonal adjustment process also necessitated revision back to January 2001 for all s.a. data for local markets in the province of Ontario. Source: The Canadian Real Estate Association
19 Sales as a Percentage of New Listings over MLS Systems of Select Canadian Real Estate Boards & Associations Year to date Sales as a Percentage of New Listings Fraser Valley Greater Vancouver Victoria Calgary Edmonton Regina Saskatoon Winnipeg Hamilton-Burlington Kitchener-Waterloo London and St Thomas Niagara Region Ottawa Sudbury Thunder Bay n/a n/a - n/a n/a - n/a n/a - n/a n/a - Greater Toronto Windsor-Essex Trois Rivières CMA Montreal CMA Gatineau CMA Quebec CMA Saguenay CMA Sherbrooke CMA Saint John Halifax-Dartmouth Newfoundland & Labrador Canada Detailed data for the Toronto Real Estate Board (TREB) market area can be found at National totals incorporate estimates for n/a data. 1 Total = + Non-residential Note: Due to revisions to geographical coverage, statistics for the Kitchener-Waterloo region from 2000 forward are not directly comparable with its statistics for previous years. Note: Due to s in local market boundaries and data collection in the province of Quebec, local market and provincial totals for Quebec and Canada after 2000 are not directly comparable with earlier years. Note: Due to a in data collection methodology, s.a. and nsa data for Kitchener Waterloo and Halifax Dartmouth (and some other markets not included in the above table) have been revised back to January The interplay of local and provincial data influences in the seasonal adjustment process also necessitated revision back to January 2001 for all s.a. data for local markets in the province of Ontario. Source: The Canadian Real Estate Association
20 Dollar Volume & Sales Activity over MLS Systems of Canadian Real Estate Boards & Associations s.a. 2 nsa 3 s.a. 2 nsa 3 Dollar Volume* British Columbia 5, , , , , , , , Alberta 1, , , , , , , , Saskatchewan Manitoba Ontario 12, , , , , , , , Quebec 2, , , , , , , , New Brunswick Nova Scotia Prince Edward Island Newfoundland & Labrador Northwest Territories Yukon Canada 22, , , , , , , , Sales Activity British Columbia 8,561 9, ,216 9, ,965 8, ,591 8, Alberta 4,771 4, ,964 5, ,436 4, ,611 4, Saskatchewan 1,010 1, ,120 1, ,071 1, Manitoba 1,247 1, ,350 1, ,171 1, ,274 1, Ontario 22,246 21, ,770 20, ,002 20, ,540 18, Quebec 6,990 6, ,158 5, ,557 6, ,721 5, New Brunswick Nova Scotia , Prince Edward Island Newfoundland & Labrador Northwest Territories Yukon Canada 47,074 46, ,101 45, ,096 43, ,033 42, * in millions of dollars 1 Total = + Non-residential Note: Due to s in local market boundaries and data collection in the province of Quebec, local market and provincial totals for Quebec and Canada after 2000 are not directly comparable with earlier years. Note: Due to a in data collection methodology, s.a. and nsa data for some local markets in Ontario and all local markets in Nova Scotia have been revised back to January 2001.
21 New Listings and Average Sale Price over MLS Systems of Canadian Real Estate Boards & Associations s.a. 2 nsa 3 s.a. 2 nsa 3 New Listings British Columbia 14,761 14, ,002 13, ,981 13, ,574 12, Alberta 10,302 9, ,584 10, ,070 8, ,391 9, Saskatchewan 2,558 2, ,739 2, ,328 2, ,505 2, Manitoba 2,163 2, ,336 2, ,875 2, ,101 2, Ontario 31,453 31, ,145 37, ,316 28, ,156 33, Quebec 14,031 13, ,597 15, ,526 12, ,939 13, New Brunswick 1,492 1, ,437 1, ,156 1, ,130 1, Nova Scotia 2,011 1, ,971 2, ,492 1, ,451 1, Prince Edward Island Newfoundland & Labrador 1,135 1, ,147 1, Northwest Territories Yukon Canada 80,400 79, ,442 87, ,002 70, ,543 78, Average Price* British Columbia 616, , , , , , , , Alberta 405, , , , , , , , Saskatchewan 306, , , , , , , , Manitoba 274, , , , , , , , Ontario 538, , , , , , , , Quebec 289, , n/a n/a - 290, , , , New Brunswick 155, , , , , , , , Nova Scotia 232, , , , , , , , Prince Edward Island 164, , , , , , , , Newfoundland & Labrador 246, , , , , , , , Northwest Territories 402, , , , , , , , Yukon 332, , , , , , , , Canada 476, , , , , , , , * Provincial weighted residential average price for Quebec (provided by Québec Federation of Real Estate Boards); does not affect weighted and unweighted national average price calculations. Information on Quebec's weighted average price calculation can be found at: 1 Total = + Non-residential Note: Due to s in local market boundaries and data collection in the province of Quebec, local market and provincial totals for Quebec and Canada after 2000 are not directly comparable with earlier years. Note: Due to a in data collection methodology, s.a. and nsa data for some local markets in Ontario and all local markets in Nova Scotia have been revised back to January 2001.
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