November 14th, 2024

Canadian Press NewsAlert: Worst January for home sales since 2009, CREA reports

By The Canadian Press on February 15, 2023.

A house for sale sign is shown in front of a house in Oakville, Ont., west of Toronto, Sunday, Feb.5, 2023. THE CANADIAN PRESS/Richard Buchan

OTTAWA – The Canadian Real Estate Association says homes sales in January were the lowest for the month since 2009 and fell 37.1 per cent compared with a year ago.

The drop came as January sales were also down on a month-over-month basis as they dropped three per cent compared with December.

More coming.

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