The Canadian Real Estate Association said home sales in December were up 22.7 per cent compared with a year ago when sales were relatively quiet. Sales in the final month of 2019 were up compared with a year ago across most of Canada, including all of the largest urban markets.
On a month-over-month basis, home sales in December were down 0.9 per cent. The decline ended a streak of monthly gains that began last March.
The actual national average price for a home sold in December 2019 was about $517,000, up 9.6 per cent compared with a year earlier. Excluding the Greater Vancouver and Greater Toronto Area, two of the country’s most expensive and active housing markets, the average price of a home sold was about $400,000, up 6.7 per cent compared with December 2018.
READ MORE: Home prices in Metro Vancouver continue to fall, but average still sits over $1M: report