Housing Market Slowed in April as Renewed Lockdown Took Its Toll
Today, the Canadian Real Estate Association (CREA) released statistics showing national existing home sales fell 12.4% nationally from March to April 2021. Over the same period, the number of newly listed properties fell 5.4%, and the MLS Home Price Index rose 2.4%.
While home sales fell month-over-month in April, largely due to the new lockdowns, April sales were still the strongest ever for that month and well above the 10-year monthly average.
Original Article Source Credits: Dominion Lending Centres , https://dominionlending.ca/
Article Written By: Sherry Cooper
Original Article Posted on: May 17, 2021
Link to Original Article: https://dominionlending.ca/economic-insights/housing-market-slowed-in-april-as-renewed-lockdown-took-its-toll
