Canada’s housing market is seeing some of the lowest annual sales volumes in more than a decade, according to the latest statistics from the Canadian Real Estate Association, even though December saw a jump in sales compared to the month before.
In a statement, CREA noted that the annual home sales total of 443,511 units in 2023 was a decline of more than 11 per cent compared to 2022, and “technically the lowest annual level for national sales activity since 2008.”
Pricing-wise, the national average sale price was 5.1 per cent higher in December 2023 compared to December 2022. But by some of the real
