crea january

8/7/2019 CREA January

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OTTAWA – February 15th, 2011 – National resale housing activity climbed further in January 2011, according to statisticsreleased today by The Canadian Real Estate Association (CREA). Seasonally adjusted national home sales activity rose 4.5 per cent in January 2011 compared to the previous month,

reaching the highest level since April 2010. Led by Vancouver and Toronto, seasonally adjusted sales activity postedmonthly gains in more than half of all local Canadianmarkets in January. National sales activity hasimproved steadily since last summer, and nowstands almost 25 per cent above the low pointreached in July 2010.

“We anticipated the recent announcement of tighter mortgage regulations, which will come into effectthis March, would pull forward sales activity into therst quarter of 2011, particularly in some of Canada’smore expensive housing markets,” said GregoryKlump, CREA’s Chief Economist. “The sharp rise insales activity in Toronto following the announcementprovides early evidence conrming this,” said Klump. “It will take some time before the longer term impact

of the latest mortgage regulations on the housingmarket can be known,” said Georges Pahud, CREA’sPresident. “For that reason, further action shouldn’tbe taken until the impact can be measured. In the meantime, if last year can be used as any guide, sales activity mayheat up further as we get closer to the date on which tighter mortgage regulations come into effect, especially in some of Canada’s pricier markets. That said, local housing market trends often diverge from national trends, so buyers and sellersshould consult their local REALTOR® to understand how the market is shaping up where they live.”

Actual (not seasonally adjusted) national sales activity via the Multiple Listing Service®

(MLS®

) Systems of Canadian realestate Boards came in 6.6 per cent below levels in January 2010. This was the smallest year-over-year decline sinceMay 2010. Actual (not seasonally adjusted) new listings on Canadian MLS® Systems normally post their biggest month-over-monthincrease in January. January 2011 was no exception, marking the rst time since 2007 that new listings more thandoubled in January compared to the previous month As a result seasonally adjusted new listings rose 3 9 per cent from

Resale housing market shows further improvement in January

† Data table available to media upon request, for purposes of reprinting only.



About two-thirds of local markets recorded year-over-year gains in average price in January 2011. The national averageprice for homes sold in January 2011 was $343,675. While this is little changed compared to the previous three months,it represents an increase of 4.5 per cent compared to January 2010. Much of the year-over-year gain in January 2011 resulted from a jump in the number of multi-million dollar home sales ina couple of areas in Greater Vancouver, the effects of which were amplied at the local, provincial, and national levels bythe fact that actual monthly volumes for sales activity are low in January compared to other months.

PLEASE NOTE: The information contained in this news release combines both major market and nationalMLS® sales information from the previous month.

CREA cautions that average price information can be useful in establishing trends over time, but does not indicateactual prices in centres comprised of widely divergent neighborhoods or account for price differential betweengeographic areas. Statistical information contained in this report includes all housing types.

MLS® is a co-operative marketing system used only by Canada’s real estate Boards to ensure maximum exposure of properties listed for sale.

The Canadian Real Estate Association (CREA) is one of Canada’s largest single-industry trade associations,representing more than 100,000 REALTORS® working through more than 100 real estate Boards and Associations.

Further information can be found at http://www.crea.ca/public/news_stats/media.htm

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Chart 1 Chart 2

Chart 3 Chart 4

Chart 5 Chart 6



January 2011

Jan 2011 Dec 2010

monthly

percentage

change

Jan 2011 Jan 2010

year-over-year

percentage

change

Jan 2011 Dec 2010

monthly

percentage

change

Jan 2011 Jan 2010

year-over-year

percentage

change

Fraser Valley 1,395 1,260 10.7 834 981 -15.0 1,279 1,211 5.6 773 905 -14.6

Vancouver 3,334 2,863 16.5 1,892 2,004 -5.6 3,246 2,842 14.2 1,855 1,960 -5.4

Victoria 562 541 3.9 339 418 -18.9 533 509 4.7 319 386 -17.4

Calgary 1,996 1,998 -0.1 1,361 1,466 -7.2 1,833 1,827 0.3 1,302 1,398 -6.9

Edmonton 1,489 1,585 -6.1 869 990 -12.2 1,290 1,395 -7.5 792 884 -10.4

Regina 348 315 10.5 218 188 16.0 341 301 13.3 215 183 17.5

Saskatoon 434 403 7.7 260 226 15.0 313 304 3.0 195 179 8.9

Winnipeg1,139 1,104 3.2 566 487 16.2 1,073 1,067 0.6 525 457 14.9Hamilton-Burlington 1,202 1,181 1.8 743 750 -0.9 1,149 1,144 0.4 707 714 -1.0

Kitchener-Waterloo 627 605 3.6 425 466 -8.8 582 585 -0.5 389 439 -11.4

London and St Thomas 754 729 3.4 460 525 -12.4 721 683 5.6 440 487 -9.7

Ottawa 1,308 1,276 2.5 716 747 -4.1 1,264 1,249 1.2 687 725 -5.2

St. Catharines 260 259 0.4 158 178 -11.2 250 248 0.8 151 167 -9.6

Sudbury 222 246 -9.8 142 125 13.6 194 212 -8.5 123 108 13.9

Thunder Bay 199 200 -0.5 116 116 0.0 176 182 -3.3 101 106 -4.7

Toronto† 7,526 7,151 5.2 4,340 4,986 -13.0 7,524 7,171 4.9 4,340 4,986 -13.0

Windsor-Essex 459 452 1.5 300 319 -6.0 427 392 8.9 281 293 -4.1

Trois Rivières CMA 86 89 -3.4 70 71 -1.4 80 80 0.0 66 64 3.1

Montreal CMA 3,725 3,646 2.2 2,585 2,856 -9.5 3,606 3,510 2.7 2,477 2,750 -9.9

Gatineau CMA 370 377 -1.9 218 274 -20.4 331 344 -3.8 199 244 -18.4

Quebec CMA 692 617 12.2 545 571 -4.6 641 592 8.3 522 543 -3.9

Saguenay CMA 126 137 -8.0 77 106 -27.4 117 121 -3.3 71 101 -29.7

Saint John 173 152 13.8 103 124 -16.9 149 133 12.0 90 107 -15.9

Halifax-Dartmouth 536 545 -1.7 314 324 -3.1 503 496 1.4 299 300 -0.3

Newfoundland & Labrador 421 344 22.4 233 266 -12.4 375 306 22.5 207 240 -13.8Canada 42,379 40,558 4.5 25,626 27,463 -6.7 39,481 37,773 4.5 23,917 25,606 -6.6

†Detailed data for the Toronto Real Estate Board (TREB) market area can be found at http://www.torontorealestateboard.com/consumer_info/market_news/index.htm

1Total = Residential + Non-residential

2Seasonally adjusted

3

Not seasonally adjusted

Source: The Canadian Real Estate Association

Note: Due to changes in local market boundaries and data collection in the province of Quebec, local market and provincial totals for Quebec and Canada after 2002 are not directly comparable with earlier years.

Sales Activity over MLS® Systems of Select Canadian Real Estate Boards & Associations

Sales Activity

Total1 Residential

s.a.2

nsa3

s.a.2

nsa3



January 2011

Jan 2011 Dec 2010

monthly

percentage

change

Jan 2011 Jan 2010

year-over-year

percentage

change

Jan 2011 Dec 2010

monthly

percentage

change

Jan 2011 Jan 2010

year-over-year

percentage

change

Fraser Valley 2,779 2,461 12.9 2,632 2,941 -10.5 2,583 2,250 14.8 2,362 2,572 -8.2

Vancouver 5,626 5,011 12.3 5,188 5,572 -6.9 5,341 4,767 12.0 4,916 5,325 -7.7

Victoria 1,246 1,282 -2.8 1,187 1,211 -2.0 1,138 1,142 -0.4 1,035 1,018 1.7

Calgary 4,103 3,968 3.4 4,014 3,919 2.4 3,621 3,521 2.8 3,567 3,487 2.3

Edmonton 3,287 3,321 -1.0 2,675 2,781 -3.8 2,624 2,609 0.6 2,160 2,199 -1.8

Regina 623 511 21.9 429 381 12.6 591 454 30.2 404 346 16.8

Saskatoon 1,140 988 15.4 837 622 34.6 708 660 7.3 531 394 34.8

Winnipeg 1,591 1,585 0.4 1,141 984 16.0 1,408 1,395 0.9 981 848 15.7

Hamilton-Burlington 1,959 1,953 0.3 1,916 1,741 10.1 1,818 1,809 0.5 1,734 1,548 12.0

Kitchener-Waterloo 1,071 939 14.1 1,162 1,056 10.0 960 839 14.4 1,010 917 10.1

London and St Thomas 1,597 1,540 3.7 1,471 1,350 9.0 1,437 1,300 10.5 1,260 1,129 11.6

Ottawa 2,215 2,222 -0.3 1,813 1,588 14.2 2,128 2,109 0.9 1,699 1,491 14.0

St. Catharines 512 506 1.2 494 650 -24.0 432 447 -3.4 408 525 -22.3

Sudbury 394 423 -6.9 327 425 -23.1 312 355 -12.1 247 330 -25.2

Thunder Bay 257 241 6.6 189 218 -13.3 211 184 14.7 152 172 -11.6

Toronto† 11,091 10,798 2.7 9,025 10,021 -9.9 11,088 10,796 2.7 9,025 10,021 -9.9

Windsor-Essex 985 975 1.0 1,055 1,119 -5.7 804 817 -1.6 819 840 -2.5

Trois Rivières CMA 197 179 10.1 202 157 28.7 166 143 16.1 174 144 20.8

Montreal CMA 6,872 6,786 1.3 8,133 7,408 9.8 6,451 6,334 1.8 7,637 6,886 10.9

Gatineau CMA 621 568 9.3 628 590 6.4 536 559 -4.1 559 535 4.5

Quebec CMA 1,166 1,054 10.6 1,268 1,048 21.0 1,059 960 10.3 1,186 965 22.9

Saguenay CMA 236 249 -5.2 241 256 -5.9 201 190 5.8 216 223 -3.1

Saint John 498 353 41.1 426 403 5.7 323 255 26.7 263 283 -7.1

Halifax-Dartmouth 931 1,261 -26.2 816 851 -4.1 804 1,122 -28.3 706 716 -1.4

Newfoundland & Labrador 890 959 -7.2 776 801 -3.1 750 784 -4.3 653 600 8.8Canada 81,504 78,755 3.5 74,478 75,314 -1.1 70,939 68,247 3.9 64,302 64,521 -0.3




3




nsa3

s.a.2

nsa3

New Listings

New Listings over MLS® Systems of Select Canadian Real Estate Boards & Associations

Total1 Residential

s.a.2



January 2011

Jan 2011 Dec 2010 monthly change Jan 2011 Jan 2010year-over-year

changeJan 2011 Dec 2010 monthly change Jan 2011 Jan 2010

year-over-year

change

Fraser Valley 50.2 51.2 -1.0 31.7 33.4 -1.7 49.5 53.8 -4.3 32.7 35.2 -2.5

Vancouver 59.3 57.1 2.2 36.5 36.0 0.5 60.8 59.6 1.2 37.7 36.8 0.9

Victoria 45.1 42.2 2.9 28.6 34.5 -5.9 46.8 44.6 2.2 30.8 37.9 -7.1

Calgary 48.6 50.4 -1.8 33.9 37.4 -3.5 50.6 51.9 -1.3 36.5 40.1 -3.6

Edmonton 45.3 47.7 -2.4 32.5 35.6 -3.1 49.2 53.5 -4.3 36.7 40.2 -3.5

Regina 55.9 61.6 -5.7 50.8 49.3 1.5 57.7 66.3 -8.6 53.2 52.9 0.3

Saskatoon 38.1 40.8 -2.7 31.1 36.3 -5.2 44.2 46.1 -1.9 36.7 45.4 -8.7

Winnipeg 71.6 69.7 1.9 49.6 49.5 0.1 76.2 76.5 -0.3 53.5 53.9 -0.4

Hamilton-Burlington 61.4 60.5 0.9 38.8 43.1 -4.3 63.2 63.2 0.0 40.8 46.1 -5.3

Kitchener-Waterloo 58.5 64.4 -5.9 36.6 44.1 -7.5 60.6 69.7 -9.1 38.5 47.9 -9.4

London and St Thomas 47.2 47.3 -0.1 31.3 38.9 -7.6 50.2 52.5 -2.3 34.9 43.1 -8.2

Ottawa 59.1 57.4 1.7 39.5 47.0 -7.5 59.4 59.2 0.2 40.4 48.6 -8.2

St. Catharines 50.8 51.2 -0.4 32.0 27.4 4.6 57.9 55.5 2.4 37.0 31.8 5.2

Sudbury 56.3 58.2 -1.9 43.4 29.4 14.0 62.2 59.7 2.5 49.8 32.7 17.1

Thunder Bay 77.4 83.0 -5.6 61.4 53.2 8.2 83.4 98.9 -15.5 66.4 61.6 4.8

Toronto†

67.9 66.2 1.7 48.1 49.8 -1.7 67.9 66.4 1.5 48.1 49.8 -1.7

Windsor-Essex 46.6 46.4 0.2 28.4 28.5 -0.1 53.1 48.0 5.1 34.3 34.9 -0.6

Trois Rivières CMA 43.7 49.7 -6.0 34.7 45.2 -10.5 48.2 55.9 -7.7 37.9 44.4 -6.5

Montreal CMA 54.2 53.7 0.5 31.8 38.6 -6.8 55.9 55.4 0.5 32.4 39.9 -7.5

Gatineau CMA 59.6 66.4 -6.8 34.7 46.4 -11.7 61.8 61.5 0.3 35.6 45.6 -10.0

Quebec CMA 59.3 58.5 0.8 43.0 54.5 -11.5 60.5 61.7 -1.2 44.0 56.3 -12.3

Saguenay CMA 53.4 55.0 -1.6 32.0 41.4 -9.4 58.2 63.7 -5.5 32.9 45.3 -12.4

Saint John 34.7 43.1 -8.4 24.2 30.8 -6.6 46.1 52.2 -6.1 34.2 37.8 -3.6

Halifax-Dartmouth 57.6 43.2 14.4 38.5 38.1 0.4 62.6 44.2 18.4 42.4 41.9 0.5

Newfoundland & Labrador 47.3 35.9 11.4 30.0 33.2 -3.2 50.0 39.0 11.0 31.7 40.0 -8.3Canada 52.0 51.5 0.5 34.4 36.5 -2.1 55.7 55.3 0.4 37.2 39.7 -2.5




3



nsa3

s.a.2

nsa3

Sales as a Percentage of New Listings over MLS® Systems of Select Canadian Real Estate Boards & Associations

Sales as a Percentage

of New Listings

Total1 Residential

s.a.2



January 2011



year-over-year

change

British Columbia 48.5 47.2 1.3 31.3 32.0 -0.7 50.8 51.0 -0.2 33.3 34.1 -0.8

Alberta 46.2 46.7 -0.5 32.3 32.7 -0.4 49.4 50.1 -0.7 35.9 35.9 0.0

Saskatchewan 45.3 48.1 -2.8 38.0 42.3 -4.3 51.5 53.4 -1.9 43.3 48.6 -5.3

Manitoba 69.6 69.6 0.0 48.2 44.5 3.7 73.2 76.2 -3.0 51.5 51.9 -0.4

Ontario 57.7 57.2 0.5 38.7 40.3 -1.6 61.6 61.0 0.6 42.0 43.9 -1.9

Quebec 49.9 49.6 0.3 31.5 37.0 -5.5 52.8 52.3 0.5 32.6 38.9 -6.3

New Brunswick 41.4 38.1 3.3 26.0 29.6 -3.6 50.9 42.2 8.7 34.6 37.2 -2.6

Nova Scotia 42.3 43.2 -0.9 27.5 30.7 -3.2 48.6 45.6 3.0 33.6 37.3 -3.7Prince Edward Island 45.9 49.1 -3.2 27.2 23.1 4.1 52.8 67.7 -14.9 30.3 25.8 4.5

Newfoundland & Labrador 47.3 35.9 11.4 30.0 33.2 -3.2 50.0 39.0 11.0 31.7 40.0 -8.3

Northwest Territories 75.0 200.0 -125.0 66.7 100.0 -33.3 57.1 211.1 -154.0 60.0 140.0 -80.0

Yukon 87.9 70.0 17.9 77.3 81.3 -4.0 87.9 73.0 14.9 77.3 84.6 -7.3

Canada 52.0 51.5 0.5 34.4 36.5 -2.1 55.7 55.3 0.4 37.2 39.7 -2.5



year-over-year

change

British Columbia 6.2 7.1 -0.9 11.7 9.9 1.8 6.7 7.6 -0.9 9.4 7.9 1.5

Alberta 5.4 5.5 -0.1 9.6 8.3 1.3 6.0 6.1 -0.1 7.4 6.3 1.1

Saskatchewan 4.8 5.0 -0.2 10.1 10.5 -0.4 5.5 5.9 -0.4 7.5 7.5 0.0

Manitoba 2.4 2.4 0.0 4.8 5.1 -0.3 2.5 2.5 0.0 3.8 3.5 0.3

Ontario 3.5 3.6 -0.1 6.3 5.7 0.6 3.6 3.8 -0.2 5.0 4.5 0.5

Quebec 7.5 7.6 -0.1 13.2 11.0 2.2 8.0 8.2 -0.2 11.5 9.4 2.1

New Brunswick 7.6 8.8 -1.2 18.7 17.4 1.3 8.5 10.4 -1.9 12.6 11.6 1.0

Nova Scotia 7.9 7.4 0.5 21.0 18.9 2.1 9.2 8.8 0.4 13.6 11.9 1.7

Prince Edward Island 8.9 8.3 0.6 29.7 31.1 -1.4 11.1 11.0 0.1 18.5 22.7 -4.2

Newfoundland & Labrador 5.7 6.9 -1.2 12.4 8.7 3.7 6.4 7.8 -1.4 9.1 5.7 3.4Northwest Territories 1.9 1.6 0.3 2.8 2.4 0.4 2.2 1.7 0.5 2.8 1.7 1.1

Yukon 3.3 3.8 -0.5 5.4 4.9 0.5 3.3 3.9 -0.6 4.2 4.5 -0.3

Canada 5.1 5.4 -0.3 9.7 8.5 1.2 5.5 5.7 -0.2 7.7 6.7 1.0



3Not seasonally adjusted



nsa3

s.a.2

nsa3

Months of Inventory and Sales as a Percentage of New Listings over MLS® Systems of Canadian Real Estate Boards & Associations

Sales as a

Percentage of New

Listings

Total1 Residential

s.a.2

Months of Inventory

Total1 Residential

s.a.2

nsa3

s.a.2

nsa3

crea january

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