CREA Updates Real Estate Housing Forecast

The Canadian Real Estate market is showing signs of slowing down - the number of homes sold in Canada in February plummeted 15.8 per cent from the same period last year, the Canadian Real Estate Association published on today's report.  On a monthly basis, national existing home sales fell by 2.1 per cent in February, following a modest increase in January.

Canadian Real Estate Association Monthly Market Report

The MLS Home Price Index however, has indicated a 2.7 per cent increase on a year-over-year basis in February - the smallest monthly increase since March 2011.