A for sale sign is shown in by new homes in Beckwith, Ont., just outside Ottawa, on Wednesday, Jan. 11, 2018. THE CANADIAN PRESS/Sean Kilpatrick

A for sale sign is shown in by new homes in Beckwith, Ont., just outside Ottawa, on Wednesday, Jan. 11, 2018. THE CANADIAN PRESS/Sean Kilpatrick

Canadian home sales up 76% year-over-year, set new March record: CREA

On a month-over-month basis, sales in March were up 5.2 per cent compared with February

The Canadian Real Estate Association says home sales hit an all-time record in March as supply slowly returned to the overheated market.

Sales across the country amounted to 76,259 last month, up 76.2 per cent from 43,283 during the same period last year.

On a month-over-month basis, sales in March were up 5.2 per cent compared with February.

The average price of a home sold in Canada during March was $716,828, up 31.6 per cent from $544,824 the same time last year.

The number of new listings reached 105,001, a more than 50 per cent increase from 69,665 last March.

As supply started rebounding, the national sales-to-new listings ratio eased back to 80.5 per cent in March compared with a peak level of 90.9 per cent set in January.

The Canadian Press


Like us on Facebook and follow us on Twitter.

Want to support local journalism during the pandemic? Make a donation here.

Real estate

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

This sign, visible from Highway 17 and suggesting dissatisfaction with the public health measures responding to the COVID-19 pandemic, disappeared from this location after having stood on a private North Saanich property for several days. (Wolf Depner/News Staff)
Sign in North Saanich warning of police state gone

The sign stood for several days on a private property and was visible from Highway 17

Victoria police said Wednesday that they continue to look for Belinda Ann Cameron, who was last seen on May 5, 2005. (Photo courtesy of VicPD)
Victoria police still looking for Belinda Cameron who was last seen 16 years ago

Cameron was reported missing on June 4, 2005, and her case is deemed suspicious

Colwood-based writer Esi Edugyan will speak about the deep research she did before writing <em>Washington Black</em>, her third novel. (Black Press Media file photo)
Colwood author Esi Edugyan giving talk May 6 about her research and writing process

Event is part of Royal Road’s Changemaker series celebrating its 25th anniversary

NEW CUTLINE Payphone use is declining dramatically. (Black Press Files)

One of the last remaining street payphones in Kelowna. (Photo: Mackenzie Britton/Capital News)
Last call approaches for payphones?

Mobile phones diminishing need

West Shore RCMP is requesting the public’s assistance in locating a missing Langford resident, Nevaeh Hansell. (West Shore RCMP)
MISSING: Police seek 13-year-old Langford girl last seen May 3

Police are asking for help to locate the teen

Jose Marchand prepares Pfizer COVID-19 vaccination doses at a mobile clinic for members of First Nations and their partners, in Montreal, Friday, April 30, 2021. The National Advisory Committee on Immunization is coming under fire after contradicting the advice Canadians have been receiving for weeks to take the first vaccine against COVID-19 that they’re offered. THE CANADIAN PRESS/Ryan Remiorz
Trudeau says he is glad he got AstraZeneca, vaccines are only way out of pandemic

‘The most important thing is to get vaccinated with the first vaccine offered to you’

Anyone with information on any of these individuals is asked to call 1-800-222-TIPS (8477) or visit the website victoriacrimestoppers.ca for more information.
Greater Victoria Crime Stoppers wanted list for the week of May 4

Greater Victoria Crime Stoppers is seeking the public’s help in locating the… Continue reading

(Black Press Media file photo)
POLL: Do you plan to travel on the Victoria Day long weekend?

It’s the unofficial start to the summer season. A time of barbecues,… Continue reading

The courthouse in Nanaimo, B.C. (News Bulletin file)
Island man sentenced in Nanaimo after causing a dog unnecessary pain and suffering

Kiefer Tyson Giroux, 26, of Nanoose Bay, given six-month sentence

Following a one-year pause due to the pandemic, the Snowbirds were back in the skies over the Comox Valley Wednesday (May 5) morning. Photo by Erin Haluschak
Video: Snowbirds hold first training session in Comox Valley in more than 2 years

The team will conduct their training from May 4 to 26 in the area

Solar panels on a parking garage at the University of B.C. will be used to separate water into oxygen and hydrogen, the latter captured to supply a vehicle filling station. (UBC video)
UBC parkade project to use solar energy for hydrogen vehicles

Demonstration project gets $5.6M in low-carbon fuel credits

FILE – A student arrives at school as teachers dressed in red participate in a solidarity march to raise awareness about cases of COVID-19 at Ecole Woodward Hill Elementary School, in Surrey, B.C., on Tuesday, February 23, 2021. THE CANADIAN PRESS/Darryl Dyck
B.C. ‘should be able to’ offer 1st dose of COVID vaccine to kids 12+ by end of June: Henry

Health Canada authorized the vaccine for younger teens this morning

A woman in the Harrison Mills area was attacked by a cougar on Tuesday, May 4. B.C. Conservation Officers killed two male cougars in the area; the attack was determined to be predatory in nature. (File photo)
2 cougars killed following attack on woman in Agassiz area

Attack victim remains in hospital in stable condition

Most Read