CREA - Canadian home sales and listings down in March

Not a big surprise, considering the current CORVID-19 pandemic's effects on Canada overall, but CREA today announced that Canadian home sales and listings were down in March. Nationally, sales were down 14%. Properties coming to the market were down 12.5%.

"Transactions were down on a m-o-m basis in the vast majority of local markets in March. Among Canada's largest markets, sales declined in the Greater Toronto Area (GTA) (20.8%), Montreal (-13.3%), Greater Vancouver (-2.9%), The Fraser Valley (-13.6%), Calgary (-26.3%), Edmonton (-13.2%), Winnipeg (-7.3%), Hamilton-Burlington (-24.9%) and Ottawa (-7.9%). " - Canadian Real Estate Association

These numbers reflect the very beginning of the pandemic's effects on Canada. Read more here: Canadian home sales and listings down in March

If the market slowdown is making you consider your options as a Real Estate Professional, contact us to see how we can help!