National Market Update

Ottawa, ON April 12, 2024 – While there are expectations the Canadian housing market will pick up on some level this year, home sales and prices were mostly unchanged on a month-over-month basis in March 2024, according to the latest data from the Canadian Real Estate Association (CREA).

Highlights:
• National home sales edged up 0.5% month-over-month in March.
• Actual (not seasonally adjusted) monthly activity came in 1.7% above March 2023.
• The number of newly listed properties declined 1.6% month-over-month.
• The MLS® Home Price Index (HPI) dipped 0.3% month-over-month but was up 0.7% year-over-year.
• The actual (not seasonally adjusted) national average sale price posted a 2% year-over-year increase in March.