Home sales across Canada fell by 14.3 per cent in March compared to February amid the novel coronavirus pandemic, the Canadian Real Estate Association (CREA) said on Wednesday.
On a year-over-year basis, sales activity was still up 7.8 per cent, but that was compared to a relatively slow month in March 2019, said the CREA. Sales volume in February 2020 had been up nearly 30 per cent compared to February 2019, it noted.
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READ MORE: What will happen to Canada’s housing market amid the pandemic?
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The national average home price climbed 12.5 per cent in year-over-year terms, the association said.
The number of properties newly listed for sale dropped by 12.5 per cent in March, the data shows.
More to come.
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