Canada's housing market just had the worst January since 2009

CREA said home sales in Canada were down 37% from the year before, but the spring market could surprise, says CREA. Find out more

, released Feb. 15, found actual monthly sales in January were down 37.1 per cent from the year before.Sign up to receive daily headline news from the Calgary Herald, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc.

“In 2019 the market started off slow, as there wasn’t much to buy. It took off once spring listings started to come out. With the Bank of Canada increasingly signalling that rates are now at the top, it’s possible the spring market this year could also surprise, particularly in areas where prices have been stable or are now stabilizing.”Article content

“No real big change from the last six months. We’ve been hovering around that kind of level,” Cathcart said in an interview.

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Canada's housing market just had the worst January since 2009CREA said home sales in Canada were down 37% from the year before, but the spring market could surprise, says CREA. Find out more
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