The Canadian Real Estate Association says home sales in March fell compared with a year ago while the average sale price also moved lower. The association says sales through the Multiple Listing Service fell 4.6 per cent compared with a year ago to their lowest level for March since 2013.
CREA says sales in B.C., Alberta and Saskatchewan were more than 20 per cent below their 10-year average for the month, while Quebec and New Brunswick were well above-average.
READ MORE: What to know about the new mortgage incentive proposed in the 2019 federal budget
![Get expert insights, Q&A on markets, housing, inflation, and personal finance information delivered to you every Saturday.](https://globalnews.ca/wp-content/themes/shaw-globalnews/images/skyline/money123.jpg)
Get weekly money news
On a month-over-month basis, home sales in March were up 0.9 per cent compared with February.
Meanwhile, the average sale price fell 1.8 per cent on a year-over-year basis to $481,745. Excluding the Greater Vancouver and Greater Toronto Area, two of the country’s most active and expensive markets, the average price was just under $383,000.
WATCH: Is too much of your wealth tied up in real estate?
![Click to play video: 'Money 123: How recent decline in home prices could affect your investment'](https://i1.wp.com/media.globalnews.ca/videostatic/865/251/2019-01-19T22-52-31.2Z--640x360.jpg?w=1040&quality=70&strip=all)
Comments