Canadian Real Estate Sales Rise Over 4 Per Cent in April

Canadian real estate sales climbed out of its multi-year low hit last year.  CREA reported 48,461 sales in April, up 21 per cent from the month before. This represents an increase of 4.2 per cent when compared to the same month last year. For context, it’s a 9.96 per cent decline compared to April 2017. Most of the increase was a partial offset from the huge drop made last year. Over the past 5 years, April 2018 was the only month with fewer sales.

B.C. real estate markets have not followed the national trend. Vancouver real estate had the biggest declines in Canada with 1,850 sales in April, down 29.7% from last year. Vancouver had also seen sales decline 48.9% last year, when compared to the year before. Fraser Valley had the second largest drop with 1,308 sales in April, down 18.9% from last year. Last year the Valley had also seen sales decline 38.8% from the year before. In Victoria, April 2019 sales were at 665, a 10.1 per cent drop from April 2018 which saw 740 sales, and a 21.5 per cent drop from the year before which saw 847 sales.

Source: https://creastats.crea.ca/natl/index.html