Number of homes sold dropped by 25.7 per cent to 54,894 last month from 73,907 in April 2021
British Columbia Real Estate Association estimates a balanced market is at least a year away
Toronto, Vancouver and Montreal brokers say plenty of properties are seeing fewer offers
April sales were 1.5 per cent above the 10-year sales average for the month
Alberta realtors buzzing about what they say is an unusually high number of inquiries from Ontario
Top 10 per cent of owners in those provinces earn more than the bottom 50 per cent combined
Rebound still behind the pace of sales in March one year ago
National average home price climbed by more than 20 per cent since last year: CREA
The national vacancy rate sat at 3.1 per cent last year
The British Columbia Real Estate Association forecasts home prices will rise by 8.5% in 2022
CREA says about 667,000 residential properties changed hands in 2021
Sales in 2021 rose 42.2 per cent over previous year and smashed a sales volume record set in 2015
Composite benchmark price for all residential properties in Metro Vancouver just under $1.2 million
New home built during the pandemic, with a specific focus on projects for the rental market
Halifax led with prices climbing 30.8 per cent over the past year
The seasonally adjusted annual rate of housing starts fell 1.5% to 282,070 units in June compared to 286,296 in May
CREA said 73,402 homes were listed in June, down 0.7 per cent from 73,912 in May
