Скачать или смотреть FEBRUARY 2023 Canadian Real Estate Market Statistics

📊🏡 Highlights from the recent National Housing Statistics as published by The Canadian Real Estate Association

National home sales were up on a month-over-month basis in February 2023 despite drop in new supply.

👉💬Interesting assessments from Jill Oudil, Chair of CREA:

“While we’re not seeing it in the sales or listings data just yet, I would expect homeowners are getting properties ready for the market and prospective buyers are getting mortgage pre-approvals. Make sure to contact your local REALTOR® for information and guidance about buying or selling a property,” continued Oudil.

👉💬Shaun Cathcart, CREA’s Senior Economist noted:

“The similarities between 2023 and the recovery year of 2019 continued to emerge in February, with sales up, the market tightening, and month-over-month price declines getting smaller.”

He continued: “But the biggest similarity was a sharp drop in seasonally adjusted new listings. Future sellers, many of whom will also be buyers, are likely biding their time until the optimum time to list and buy something else. For most, that’s in the spring. Will buyers jump off the fence to snap homes up in 2023 once they finally start to hit the market? They did in 2019.”

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