News Release. Canadian home sales fall back in October Ottawa, ON, November 15, The Canadian Real Estate Association
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1 The Canadian Real Estate Association News Release Canadian home sales fall back in October Ottawa, ON, November 15, 2013 According to statistics 1 released today by The Canadian Real Estate Association (CREA), national home sales declined in. Highlights: National home sales declined by 3.2% from September to October. Actual (not seasonally adjusted) activity came in 8.3% above levels in October The number of newly listed homes declined by 0.8% from September to October. The Canadian housing market remains in balanced territory. The national average sale price rose 8.5% on a basis in October. The MLS Home Price Index (HPI) rose 3.5% in October. The number of home sales processed through the MLS Systems of Canadian real estate Boards and Associations and other co-operative listing systems fell 3.2 per cent on a month-over-month basis in. The decline returned activity back to near where it stood last June and July. October s lower activity provides early evidence confirming that sales in the later summer and early fall were boosted by homebuyers with pre-approved mortgages at lower than current interest rates jumping into the market before their preapprovals expired, said Gregory Klump, CREA s Chief Economist. Now that interest rates appear to be going nowhere fast, sales activity in the near term may be held in check by homebuyers who are in less of a hurry to purchase. While the Finance Minister will no doubt continue to keep a close eye on Canadian housing markets for signs of overheating as interest rates remain low, October sales results may provide him with reassurance that tightened mortgage regulations and lending guidelines are working as intended. Sales were down in a little over half of all local markets, including Greater Vancouver, the Fraser Valley, Greater Toronto, Hamilton- Burlington, and Montreal. The decline in activity among these markets offset increased activity in a handful of less active major urban centres. Chart A October s seasonally adjusted sales figure stood slightly above (0.9 per cent) the average for sales over the past 10 years (Chart A). Actual (not seasonally adjusted) activity posted an 8.3 per cent gain in October. Sales were up on a basis in just over half of all local markets, once again led by gains in Greater Vancouver, Calgary, Edmonton, and Greater Toronto. On an actual (not seasonally adjusted) basis, a total of 402,299 homes have traded hands across the country so far this year. That stands just 0.2 per cent below levels recorded in the first 10 months of Data table available to media upon request, for purposes of reprinting only. 1 All figures in this release, unless otherwise noted, are seasonally adjusted to remove normal seasonal variation. Removing regular seasonal variations enables analysis of s and fundamental trends in the data. 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 The Canadian Real Estate Association News Release Chart B Despite considerable sales volatility in recent years, annual sales remain remarkably stable. With just two lower volume months left to go this year, sales for the year-to-date in October stand broadly in line with activity over the same period in each of the past five years and well off the peak reached in 2007 (Chart B). The number of newly listed homes declined by 0.8 per cent on a month-over-month basis in October, with a fairly even split between the number of markets where new supply fell and the number where it remained stable or increased. Data table available to media upon request, for purposes of reprinting only. With the decline in sales having outstripped the dip in new listings, the national sales-to-new listings ratio fell to 54.6 per cent in October compared to 55.9 per cent in September. This remains well within balanced market territory, which has been the case since early Based on a sales-to-new listings ratio of between 40 to 60 per cent, about two thirds of all local markets were in balanced market territory in October. A majority of local markets across the country are still seeing a healthy balance between buyers and sellers coupled with modest price growth, said CREA President Laura Leyser. Even so, there are some markets in the Prairies and in parts of southwestern Ontario where competition among buyers has increased, while parts of Quebec and some areas in the Maritimes have been seeing increasing competition among sellers. Because all real estate is local, your REALTOR remains your best resource for understanding how the housing market is shaping up where you live or might like to. The number of months of inventory is another important measure of 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. Chart C There were 6.0 months of inventory at the national level at the end of October, up from 5.9 months one month earlier, which was the first increase since February. However, as with the sales-to-new listings ratio, the current level for months of inventory indicates that the Canadian housing market remains well balanced. The actual (not seasonally adjusted) national average price for homes sold in was $391,820, an increase of 8.5 per cent from the same month last year. The size of 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.
3 The Canadian Real Estate Association News Release average price gains continues to reflect the decline in sales activity last year in some of Canada s larger and more expensive markets which caused the national average price to drop at that time. If Greater Toronto, Greater Vancouver, and Calgary are removed from national average price calculations, the year-overyear increase shrinks to 4.9 per cent. The MLS Home Price Index (MLS HPI) provides a better gauge of price trends, since it is not affected by s in the mix of sales activity the way that average price is. The Aggregate Composite MLS HPI (Chart C) rose 3.52 per cent compared to October Year-over-year price growth picked up among all property types tracked by the index, led by one-storey single family homes (+4.19 per cent). This was followed by two-storey single family homes (+3.88 per cent), townhouse/row units (+3.28 per cent) and apartment units (+2.05 per cent). Year-over-year price growth in the MLS HPI was mixed across housing markets tracked by the index, led by Calgary (+8.17 per cent) and Greater Toronto (+4.54 per cent). Although the prices remained below year-ago levels in Greater Vancouver, Victoria, Vancouver Island, and Regina, October marked the smallest decline in 2013 (Table 1). Table 1 MLS Home Price Index January 2005 = 100 Percentage Change vs. Composite HPI: October 1 month 3 months 6 months 12 months 2013 ago ago ago ago 3 years ago 5 years ago Aggregate Lower Mainland Greater Vancouver Fraser Valley Vancouver Island Victoria Calgary Regina Saskatoon Greater Toronto Ottawa Greater Montreal 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 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 The Canadian Real Estate Association News Release 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 106,000 REALTORS working through more than 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.
5 The Canadian Real Estate Association News Release 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.
6 The Canadian Real Estate Association News Release 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 The Canadian Real Estate Association News Release 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 The Canadian Real Estate Association News Release 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 The Canadian Real Estate Association News Release 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.
10 Dollar Volume over MLS Systems of Select Canadian Real Estate Boards & Associations Dollar Volume* Fraser Valley Vancouver 2, , , , , , , , Victoria Calgary 1, , , , , , Edmonton Regina Saskatoon Winnipeg Hamilton-Burlington Kitchener-Waterloo London and St Thomas Ottawa St. Catharines Sudbury Thunder Bay Toronto 4, , , , , , , , Windsor-Essex Trois Rivières CMA Montreal CMA 1, , Gatineau CMA Quebec CMA Saguenay CMA Sherbrooke CMA Saint John Halifax-Dartmouth Newfoundland & Labrador Canada 16, , , , , , , , * in millions of dollars Detailed data for the Toronto Real Estate Board (TREB) market area can be found at Includes non-member data 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 2002 are not directly comparable with earlier years.
11 Sales Activity over MLS Systems of Select Canadian Real Estate Boards & Associations Sales Activity Fraser Valley 1,238 1, ,249 1, ,185 1, , Vancouver 2,660 2, ,763 2, ,581 2, ,698 1, Victoria Calgary 2,824 2, ,696 2, ,656 2, ,510 2, Edmonton 1,964 1, ,924 1, ,742 1, ,682 1, Regina Saskatoon Winnipeg 1,126 1, ,196 1, ,053 1, ,118 1, Hamilton-Burlington 1,192 1, ,207 1, ,143 1, ,157 1, Kitchener-Waterloo London and St Thomas Ottawa 1,232 1, ,157 1, ,187 1, ,104 1, St. Catharines Sudbury Thunder Bay Toronto 7,695 8, ,000 6, ,685 8, ,000 6, Windsor-Essex Trois Rivières CMA Montreal CMA 3,191 3, ,805 2, ,074 3, ,684 2, Gatineau CMA Quebec CMA Saguenay CMA Sherbrooke CMA Saint John Halifax-Dartmouth Newfoundland & Labrador Canada 41,901 43, ,030 38, ,235 40, ,039 36, Detailed data for the Toronto Real Estate Board (TREB) market area can be found at Includes non-member data 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 2002 are not directly comparable with earlier years.
12 New Listings over MLS Systems of Select Canadian Real Estate Boards & Associations New Listings Fraser Valley 2,301 2, ,336 2, ,029 2, ,993 2, Vancouver 4,955 4, ,708 4, ,746 4, ,487 4, Victoria 1,054 1, , Calgary 4,046 3, ,716 3, ,597 3, ,318 3, Edmonton 2,957 3, ,587 2, ,374 2, ,102 2, Regina Saskatoon 1,066 1, , ,026 1, Winnipeg 1,791 1, ,719 1, ,611 1, ,529 1, Hamilton-Burlington 1,748 1, ,730 1, ,598 1, ,581 1, Kitchener-Waterloo 1,151 1, ,154 1, London and St Thomas 1,553 1, ,540 1, ,348 1, ,322 1, Ottawa 2,694 2, ,508 2, ,550 2, ,349 2, St. Catharines Sudbury Thunder Bay Toronto 13,087 13, ,110 13, ,073 13, ,110 13, Windsor-Essex Trois Rivières CMA Montreal CMA 6,679 6, ,038 7, ,282 6, ,582 6, Gatineau CMA Quebec CMA 1,120 1, ,232 1, ,007 1, ,093 1, Saguenay CMA Sherbrooke CMA Saint John Halifax-Dartmouth 1,050 1, Newfoundland & Labrador 1,105 1, , Canada 81,641 82, ,077 78, ,876 72, ,585 69, Detailed data for the Toronto Real Estate Board (TREB) market area can be found at Includes non-member data 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 2002 are not directly comparable with earlier years.
13 Average Sale Price over MLS Systems of Select Canadian Real Estate Boards & Associations Average Price* Fraser Valley 489, , , , , , , , Vancouver 767, , , , , , , , Victoria 463, , , , , , , , Calgary 444, , , , , , , , Edmonton 343, , , , , , , , Regina 325, , , , , , , , Saskatoon 349, , , , , , , , Winnipeg 264, , , , , , , , Hamilton-Burlington 396, , , , , , , , Kitchener-Waterloo 327, , , , , , , , London and St Thomas 242, , , , , , , , Ottawa 358, , , , , , , , St. Catharines 288, , , , , , , , Sudbury 218, , , , , , , , Thunder Bay 182, , , , , , , , Toronto 533, , , , , , , , Windsor-Essex 190, , , , , , , , Trois Rivières CMA 159, , n/a n/a - 144, , , , Montreal CMA 334, , n/a n/a - 331, , , , Gatineau CMA 238, , n/a n/a - 247, , , , Quebec CMA 271, , n/a n/a - 265, , , , Saguenay CMA 191, , n/a n/a - 207, , , , Sherbrooke CMA 236, , n/a n/a - 243, , , , Saint John 139, , , , , , , , Halifax-Dartmouth 264, , , , , , , , Newfoundland & Labrador 272, , , , , , , , Canada 381, , , , , , , , * 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 Includes non-member data 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 2002 are not directly comparable with earlier years.
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 Vancouver Victoria Calgary Edmonton Regina Saskatoon Winnipeg Hamilton-Burlington Kitchener-Waterloo London and St Thomas Ottawa St. Catharines Sudbury Thunder Bay 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 Includes non-member data 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 2002 are not directly comparable with earlier years.
15 Dollar Volume over MLS Systems of Select Canadian Real Estate Boards & Associations Year to date Dollar Volume* Fraser Valley 5, , , , , , , , Vancouver 18, , , , , , , , Victoria 2, , , , , , , , Calgary 11, , , , , , , , Edmonton 6, , , , , , , , Regina 1, , , , , , , Saskatoon 1, , , , , , , , Winnipeg 2, , , , , , , , Hamilton-Burlington 4, , , , , , , , Kitchener-Waterloo 2, , , , , , , , London and St Thomas 1, , , , , , , , Ottawa 4, , , , , , , , St. Catharines Sudbury Thunder Bay Toronto 38, , , , , , , , Windsor-Essex Trois Rivières CMA Montreal CMA 10, , , , , , , , Gatineau CMA Quebec CMA 1, , , , , , , , Saguenay CMA Sherbrooke CMA Saint John Halifax-Dartmouth 1, , , , , , , , Newfoundland & Labrador 1, , , , , , , , Canada 151, , , , , , , , * in millions of dollars Detailed data for the Toronto Real Estate Board (TREB) market area can be found at Includes non-member data 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 2002 are not directly comparable with earlier years.
16 Sales Activity over MLS Systems of Select Canadian Real Estate Boards & Associations Year to date Sales Activity Fraser Valley 11,228 11, ,824 12, ,595 11, ,160 11, Vancouver 23,914 22, ,191 23, ,293 21, ,605 22, Victoria 4,954 4, ,231 5, ,712 4, ,988 4, Calgary 25,921 23, ,593 24, ,697 22, ,317 23, Edmonton 18,255 16, ,507 17, ,183 14, ,345 15, Regina 3,130 3, ,332 3, ,039 3, ,236 3, Saskatoon 4,719 4, ,028 4, ,592 4, ,907 4, Winnipeg 10,659 10, ,430 11, ,003 10, ,680 10, Hamilton-Burlington 11,580 11, ,285 12, ,060 10, ,760 11, Kitchener-Waterloo 5,799 5, ,132 5, ,387 5, ,711 5, London and St Thomas 6,969 7, ,406 7, ,693 6, ,121 7, Ottawa 12,084 12, ,893 13, ,730 12, ,532 12, St. Catharines 2,280 2, ,410 2, ,158 2, ,291 2, Sudbury 2,132 2, ,265 2, ,926 2, ,057 2, Thunder Bay 1,904 1, ,038 2, ,668 1, ,798 1, Toronto 73,889 74, ,477 78, ,848 74, ,477 78, Windsor-Essex 4,745 4, ,012 4, ,452 4, ,702 4, Trois Rivières CMA Montreal CMA 31,990 35, ,010 36, ,822 34, ,898 35, Gatineau CMA 3,143 3, ,320 3, ,991 3, ,147 3, Quebec CMA 5,624 6, ,790 6, ,315 6, ,482 6, Saguenay CMA 1,103 1, ,153 1, ,005 1, ,061 1, Sherbrooke CMA 1,577 1, ,628 1, ,453 1, ,480 1, Saint John 1,539 1, ,640 1, ,322 1, ,402 1, Halifax-Dartmouth 4,611 5, ,875 5, ,318 5, ,593 5, Newfoundland & Labrador 3,991 4, ,948 4, ,655 3, ,605 3, Canada 404, , , , , , , , Detailed data for the Toronto Real Estate Board (TREB) market area can be found at Includes non-member data 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 2002 are not directly comparable with earlier years.
17 New Listings over MLS Systems of Select Canadian Real Estate Boards & Associations Year to date New Listings Fraser Valley 24,387 26, ,550 28, ,593 23, ,565 25, Vancouver 48,607 53, ,686 58, ,288 50, ,186 55, Victoria 10,659 11, ,659 12, ,493 10, ,421 11, Calgary 39,687 39, ,607 43, ,426 35, ,986 38, Edmonton 31,507 33, ,472 36, ,068 26, ,508 28, Regina 6,229 5, ,865 6, ,902 5, ,506 5, Saskatoon 9,793 8, ,785 9, ,276 8, ,247 9, Winnipeg 16,631 15, ,477 17, ,785 13, ,445 15, Hamilton-Burlington 17,065 16, ,643 18, ,618 15, ,111 16, Kitchener-Waterloo 11,046 11, ,992 12, ,346 9, ,201 10, London and St Thomas 15,532 15, ,843 16, ,570 13, ,777 14, Ottawa 26,335 24, ,870 27, ,898 23, ,401 25, St. Catharines 4,226 4, ,542 4, ,718 3, ,000 4, Sudbury 4,792 4, ,179 4, ,713 3, ,040 3, Thunder Bay 3,028 2, ,325 3, ,380 2, ,637 2, Toronto 131, , , , , , , , Windsor-Essex 9,586 9, ,258 10, ,898 7, ,441 8, Trois Rivières CMA 1,878 1, ,948 1, ,673 1, ,729 1, Montreal CMA 68,940 68, ,294 72, ,908 64, ,120 67, Gatineau CMA 7,291 6, ,844 7, ,702 6, ,155 6, Quebec CMA 11,760 11, ,322 12, ,688 10, ,201 11, Saguenay CMA 2,491 2, ,658 2, ,173 1, ,349 2, Sherbrooke CMA 3,246 3, ,410 3, ,790 2, ,918 3, Saint John 4,818 4, ,267 5, ,542 3, ,856 4, Halifax-Dartmouth 10,347 10, ,325 10, ,951 8, ,833 9, Newfoundland & Labrador 10,323 9, ,117 10, ,317 7, ,958 8, Canada 819, , , , , , , , Detailed data for the Toronto Real Estate Board (TREB) market area can be found at Includes non-member data 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 2002 are not directly comparable with earlier years.
18 Average Sale Price over MLS Systems of Select Canadian Real Estate Boards & Associations Year to date Average Price* Fraser Valley 478, , , , , , , , Vancouver 756, , , , , , , , Victoria 472, , , , , , , , Calgary 447, , , , , , , , Edmonton 351, , , , , , , , Regina 323, , , , , , , , Saskatoon 334, , , , , , , , Winnipeg 255, , , , , , , , Hamilton-Burlington 387, , , , , , , , Kitchener-Waterloo 345, , , , , , , , London and St Thomas 252, , , , , , , , Ottawa 349, , , , , , , , St. Catharines 269, , , , , , , , Sudbury 236, , , , , , , , Thunder Bay 185, , , , , , , , Toronto 518, , , , , , , , Windsor-Essex 183, , , , , , , , Trois Rivières CMA 167, , n/a n/a - 157, , , , Montreal CMA 327, , n/a n/a - 326, , , , Gatineau CMA 240, , n/a n/a - 242, , , , Quebec CMA 271, , n/a n/a - 268, , , , Saguenay CMA 183, , n/a n/a - 192, , , , Sherbrooke CMA 226, , n/a n/a - 229, , , , Saint John 163, , , , , , , , Halifax-Dartmouth 267, , , , , , , , Newfoundland & Labrador 274, , , , , , , , Canada 372, , , , , , , , * 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 Includes non-member data 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 2002 are not directly comparable with earlier years.
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 Vancouver Victoria Calgary Edmonton Regina Saskatoon Winnipeg Hamilton-Burlington Kitchener-Waterloo London and St Thomas Ottawa St. Catharines Sudbury Thunder Bay 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 Includes non-member data 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 2002 are not directly comparable with earlier years.
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 3, , , , , , , , Alberta 2, , , , , , , , Saskatchewan Manitoba Ontario 7, , , , , , , , Quebec 1, , , , , , , , New Brunswick Nova Scotia Prince Edward Island Newfoundland & Labrador Northwest Territories Yukon Canada 16, , , , , , , , Sales Activity British Columbia 6,906 7, ,155 5, ,478 6, ,673 5, Alberta 6,342 6, ,170 5, ,815 5, ,588 4, Saskatchewan 1,215 1, ,253 1, ,157 1, ,181 1, Manitoba 1,270 1, ,350 1, ,182 1, ,257 1, Ontario 17,801 18, ,091 16, ,910 17, ,141 15, Quebec 6,353 6, ,825 6, ,928 6, ,348 5, New Brunswick Nova Scotia Prince Edward Island Newfoundland & Labrador Northwest Territories Yukon Canada 41,901 43, ,030 38, ,235 40, ,039 36, * in millions of dollars Includes member and non-member data 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 2002 are not directly comparable with earlier years.
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 13,777 14, ,887 14, ,976 12, ,077 11, Alberta 9,731 9, ,695 8, ,275 8, ,447 7, Saskatchewan 2,694 2, ,493 2, ,469 2, ,259 1, Manitoba 2,081 2, ,986 1, ,880 1, ,776 1, Ontario 33,565 33, ,348 31, ,274 30, ,170 28, Quebec 14,289 14, ,712 15, ,722 12, ,995 13, New Brunswick 1,617 1, ,440 1, ,291 1, ,148 1, Nova Scotia 2,217 2, ,961 1, ,726 1, ,519 1, Prince Edward Island Newfoundland & Labrador 1,105 1, , Northwest Territories Yukon Canada 81,641 82, ,077 78, ,876 72, ,585 69, Average Price* British Columbia 531, , , , , , , , Alberta 387, , , , , , , , Saskatchewan 297, , , , , , , , Manitoba 257, , , , , , , , Ontario 403, , , , , , , , Quebec 265, , n/a n/a - 271, , , , New Brunswick 151, , , , , , , , Nova Scotia 203, , , , , , , , Prince Edward Island 142, , , , , , , , Newfoundland & Labrador 272, , , , , , , , Northwest Territories 402, , , , , , , , Yukon 356, , , , , , , , Canada 381, , , , , , , , * 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: Includes member and non-member data 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 2002 are not directly comparable with earlier years.
22 Months of Inventory and Sales as a Percentage of New Listings over MLS Systems of Canadian Real Estate Boards & Associations Sales as a Percentage of New Listings* s.a. 2 nsa 3 s.a. 2 nsa 3 British Columbia Alberta Saskatchewan Manitoba Ontario Quebec New Brunswick Nova Scotia Prince Edward Island Newfoundland & Labrador Northwest Territories Yukon Canada Months of Inventory* British Columbia Alberta Saskatchewan Manitoba Ontario Quebec New Brunswick Nova Scotia Prince Edward Island Newfoundland & Labrador Northwest Territories Yukon Canada *Actual (not seasonally adjusted) data for sales-to-new listings ratios and months of inventory are based on a 12-month moving average Includes member and non-member data 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 2002 are not directly comparable with earlier years.
23 Dollar Volume & Sales Activity over MLS Systems of Canadian Real Estate Boards & Associations Year to date Dollar Volume* British Columbia 32, , , , , , , , Alberta 22, , , , , , , , Saskatchewan 3, , , , , , , , Manitoba 3, , , , , , , , Ontario 67, , , , , , , , Quebec 16, , , , , , , , New Brunswick Nova Scotia 1, , , , , , , , Prince Edward Island Newfoundland & Labrador 1, , , , , , , , Northwest Territories Yukon Canada 151, , , , , , , , Sales Activity British Columbia 63,574 61, ,248 64, ,455 57, ,020 59, Alberta 59,138 54, ,991 57, ,735 50, ,382 53, Saskatchewan 11,830 12, ,595 13, ,204 11, ,945 12, Manitoba 12,170 12, ,043 13, ,419 11, ,180 12, Ontario 172, , , , , , , , Quebec 64,376 69, ,461 72, ,291 65, ,429 68, New Brunswick 5,968 6, ,320 6, ,221 5, ,543 5, Nova Scotia 8,743 10, ,198 10, ,633 8, ,085 9, Prince Edward Island 1,622 1, ,603 1, ,264 1, ,260 1, Newfoundland & Labrador 3,991 4, ,948 4, ,655 3, ,605 3, Northwest Territories Yukon Canada 404, , , , , , , , * in millions of dollars Includes member and non-member data 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 2002 are not directly comparable with earlier years.
24 New Listings and Average Sale Price over MLS Systems of Canadian Real Estate Boards & Associations Year to date New Listings British Columbia 140, , , , , , , , Alberta 100, , , , ,602 87, ,942 94, Saskatchewan 24,849 23, ,298 25, ,590 20, ,928 22, Manitoba 19,336 18, ,472 19, ,233 16, ,158 17, Ontario 333, , , , , , , , Quebec 146, , , , , , , , New Brunswick 16,511 16, ,931 18, ,775 12, ,844 13, Nova Scotia 22,268 22, ,341 24, ,197 16, ,909 18, Prince Edward Island 4,550 4, ,063 4, ,927 2, ,235 2, Newfoundland & Labrador 10,323 9, ,117 10, ,317 7, ,958 8, Northwest Territories Yukon Canada 819, , , , , , , , Average Price* British Columbia 519, , , , , , , , Alberta 387, , , , , , , , Saskatchewan 293, , , , , , , , Manitoba 248, , , , , , , , Ontario 391, , , , , , , , Quebec 262, , n/a n/a - 270, , , , New Brunswick 153, , , , , , , , Nova Scotia 204, , , , , , , , Prince Edward Island 142, , , , , , , , Newfoundland & Labrador 274, , , , , , , , Northwest Territories 396, , , , , , , , Yukon 330, , , , , , , , Canada 372, , , , , , , , * 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: Includes member and non-member data 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 2002 are not directly comparable with earlier years.
News Release. Canadian home sales little changed in November Ottawa, ON, December 16, The Canadian Real Estate Association
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