January home sales were weakest since 2015, average national price falls: CREA

CREA says the national average price for all types of residential properties sold in January was $455,000

The Canadian Real Estate Association says last month was the weakest January for residential sales since 2015, with the number of transactions down four per cent nationally from last year.

The association says about 23,968 properties were sold through the Multiple Listing Service in January, down from 24,977 a year earlier.

CREA says the national average price for all types of residential properties sold in January was $455,000, down 5.5 per cent from the same month in 2018 — the biggest year-over-year decline for a month since May 2018.

The MLS house price index — which adjusts for differing property types — was up 0.8 per cent year-over-year, the smallest increase since June 2018.

READ MORE: Real estate board calls on Ottawa to revisit mortgage stress test

In the Greater Vancouver area, price index was down about 4.5 per cent year-over-year but up 4.2 per cent in Victoria and up 9.3 per cent from a year ago elsewhere on Vancouver Island.

The index for the Greater Toronto Area was up 2.7 per cent and up 6.3 per cent for the Greater Montreal area, but down in Regina (minus 3.8 per cent), Saskatoon (minus 2.0), Calgary (minus 3.9), and Edmonton (minus 2.9)

The Canadian Press

Like us on Facebook and follow us on Twitter.

Just Posted

Parksville man ‘parks’ horse during liquor store pit stop

As long as animal wasn’t jaywalking, no problem, says city official

Parksville roundtable highlights need for affordable housing, recreation

Mayor Ed Mayne held facilitated event in January to hear visions for city, council

Second delivery of building units for 222 Corfield in Parksville arrives March 21

Vehicles should expect intermittent single-lane alternating traffic

Public input sought on proposed cannabis retail store in Coombs

Application to be reviewed by Regional District of Nanaimo

Two nature-inspired artists display oil paintings at Qualicum gallery

Judy Maxwell and Lloyd Major depict scenes of wildlife, landscapes and the west coast

Five highlights in the 2019 federal budget

Latest budget includes a sprinkling of money for voters across a wide spectrum

Police lock down part of Okanagan city after ‘live grenade’ discovered

An ordnance believed to be a grenade found on Smith Drive between Dairy Queen and Anchor Inn Pub

Dutch police question new suspect in deadly tram shooting

Police are looking for additional suspects in the shooting

Starbucks to test recyclable cups, redesign stores in B.C., U.S. cities

The company also said it plans to redesign its stores as it adapts to increasing mobile pick-up and delivery orders

In pre-election budget, Liberals boost infrastructure cash to cities, broadband

The budget document says the Liberals have approved more than 33,000 projects, worth about $19.9 billion in federal financing

‘That’s a load of crap’: Dog poop conspiracy spreads in White Rock

Allegation picked up steam through a Facebook page run by a city councillor

Vancouver Island cougar might have been shot with bow-and-arrow

Conservation officer service looking for animal near Port Alice

Facebook to overhaul ad targeting to prevent discrimination

The company is also paying about $5 million to cover plaintiffs’ legal fees and other costs

B.C. mosque part of open-house effort launched in wake of New Zealand shootings

The ‘Visit a Mosque’ campaign aims to combat Islamophobia

Most Read