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

Solution being found after Kelowna housing society misplaces washer and dryer unit

Shannon McDonald wanted to pay it forward with a gift, but there was a communication error

Central Okanagan superintendent outlines priorities for 2019-2020 school year

Infrastructe and program development were main themes in presentation

Lake Country man charged for killing his wife expected to enter plea

Lambertus “Bert” Westervelt was charged with second-degree murder of his wife in April

Breakfast with the candidates: Central Okanagan candidates to meet for early morning panel

The event will feature a round of ‘speed dating’ followed by a one-hour panel

Rockets take lessons from weekend’s loss, look for bounce back against Swift Current

Kelowna hosts the Broncos Wednesday night at Prospera Place

VIDEO: #MeToo leader launches new hashtag to mobilize U.S. voters

Tarana Burke hopes to prompt moderators to ask about sexual violence at next debate

Potent power play paces Canucks to 5-1 win over Detroit

Miller nets a pair as Vancouver wins third straight

Okanagan ski hills highlighted on website’s ‘most affordable’ list

HomeToGo looks at rentals, lift passes, accommodations and food to compile list of Top 50

UPDATE: British couple vacationing in Vancouver detained in U.S. after crossing border

CBP claims individuals were denied travel authorization, crossing was deliberate

After losing two baby boys, B.C. parents hope to cut through the taboo of infant death

Oct. 15 is Pregnancy and Infant Loss Awareness Day in B.C.

VIDEO: Meet your Kelowna-Lake Country candidates

All seven Kelowna-Lake Country candidates answer questions about themselves and their policy

VIDEO: Meet your Central Okanagan-Similkameen-Nicola candidates

Central Okanagan-Similkameen-Nicola candidates answer questions about themselves and their policy

Cheating husband sues mistress for gifted ring after wife learns about affair

The husband gave his mistress $1,000 to buy herself a ring in December 2017

B.C. boosts legal aid funding in new payment contract

‘Duty counsel’ service restored in some communities, David Eby says

Most Read