A for sale sign is shown in by new homes in Beckwith, Ont., just outside Ottawa, on Wednesday, Jan. 11, 2018. THE CANADIAN PRESS/Sean Kilpatrick

A for sale sign is shown in by new homes in Beckwith, Ont., just outside Ottawa, on Wednesday, Jan. 11, 2018. THE CANADIAN PRESS/Sean Kilpatrick

Canadian home sales up 76% year-over-year, set new March record: CREA

On a month-over-month basis, sales in March were up 5.2 per cent compared with February

The Canadian Real Estate Association says home sales hit an all-time record in March as supply slowly returned to the overheated market.

Sales across the country amounted to 76,259 last month, up 76.2 per cent from 43,283 during the same period last year.

On a month-over-month basis, sales in March were up 5.2 per cent compared with February.

The average price of a home sold in Canada during March was $716,828, up 31.6 per cent from $544,824 the same time last year.

The number of new listings reached 105,001, a more than 50 per cent increase from 69,665 last March.

As supply started rebounding, the national sales-to-new listings ratio eased back to 80.5 per cent in March compared with a peak level of 90.9 per cent set in January.

The Canadian Press


Like us on Facebook and follow us on Twitter.

Want to support local journalism during the pandemic? Make a donation here.

Real estate

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Nanaimo Ladysmith Public Schools’ superintendent Scott Saywell at a May 6 press event showing off two new electric school buses. (Karl Yu/News Bulletin)
Nanaimo-Ladysmith school district shows off electric buses

New buses anticipated to reduce 17 tonnes of greenhouse gas emissions from SD68 buses

A B.C. Centre for Disease Control map showing new COVID-19 cases by local health area for the week of April 25-May 1. (BCCDC image)
Vancouver Island’s COVID-19 case counts trending down

Fewer than 200 active cases on the Island, down from highs of 500-plus earlier this spring

Nanaimo city council has voted to deploy speed-reduction measures for the summer along Departure Bay Road and to consult with area residents and road users to explore ways to further reduce vehicle speeds in the Departure Bay Beach area. (News Bulletin file photo)
City will again lower speed limit on Departure Bay Road to 40km/h

City of Nanaimo will consult with stakeholders for ideas to reduce speeds past the beach

Reforming food systems will require taking a long view, and determined people organizing at tipping points, says columnist. (Stock photo)
OPINION: Food system reform can change world for the better

‘Long food movement’ could be a road map to curb our current global follies, says columnist

Traffic service worker Warren Van Sickle installs street banners bearing cedar bough designs by artist Becky Thiessen outside the Nanaimo Ice Centre on May 5. (Josef Jacobson/The News Bulletin)
City of Nanaimo installs new street banners envisioning ecological survival

Artist Becky Thiessen’s designs depict cedar boughs and the Nanaimo estuary

Beef to the woman focused on her phone, driving a dark-coloured sedan through the Cilaire school zone. Perhaps you could use that same device to research some of the accidents and injuries caused by drivers who can’t seem to stay off their phones whilst behind the wheel.
Beefs & Bouquets, May 5

To submit a beef or a bouquet to the Nanaimo News Bulletin, e-mail editor@nanaimobulletin.com

Two semi trucks collided on the Nanaimo Parkway just north of Northfield Road on Wednesday morning, May 5. (Chris Bush/News Bulletin)
UPDATE: Nanaimo Parkway reopens after crash involving semi trucks

35-year-old driver was taken to hospital with serious injuries

Road sign on Highway 1 west of Hope warns drivers of COVID-19 essential travel road checks on the highways into the B.C. Interior. (Jessica Peters/Chilliwack Progress)
B.C. residents want travel checks at Alberta border, MLA says

Police road checks in place at highways out of Vancouver area

Victoria police say the photo they circulated of an alleged cat thief was actually a woman taking her own cat to the vet. (Black Press Media File Photo)
Photo of suspected cat thief released by Victoria police actually just woman with her pet

Police learned the she didn’t steal Penelope the cat, and was actually taking her cat to the vet

The Canadian Coast Guard icebreaker Louis S. St-Laurent sails past a iceberg in Lancaster Sound, Friday, July 11, 2008. The federal government is expected to end nearly two years of mystery today and reveal its plan to build a new, long overdue heavy icebreaker for the Canadian Coast Guard. THE CANADIAN PRESS/Jonathan Hayward
Vancouver, Quebec shipyards to each get new heavy icebreaker, cost remains a mystery

Vancouver’s Seaspan Shipyards and Quebec-based Chantier Davie will each build an icebreaker for the coast guard

Findings indicate a culture of racism, misogyny and bullying has gripped the game with 64 per cent of people involved saying players bully others outside of the rink. (Pixabay)
Misogyny, racism and bullying prevalent across Canadian youth hockey, survey finds

56% of youth hockey players and coaches say disrespect to women is a problem in Canada’s sport

People line up outside an immunization clinic to get their Oxford-AstraZeneca COVID-19 vaccine in Edmonton, Tuesday, April 20, 2021. THE CANADIAN PRESS/Jason Franson
Hospital investigating whether Alberta woman who died after AstraZeneca shot was turned away

Woman was taken off life support 12 days after getting vaccine

People line up for COVID-19 vaccination at a drop-in clinic at Cloverdale Recreation Centre on Wednesday, April 27, 2021. Public health officials have focused efforts on the Fraser Health region. (Aaron Hinks/Peace Arch News)
B.C. reports first vaccine-induced blood clot; 684 new COVID cases Thursday

Two million vaccine doses reached, hospital cases down

Most Read