OTTAWA — The Canadian Real Estate Association (CREA) says annual home sales reached a new high in 2021, eclipsing the previous record set in 2020 by about 20 per cent.
The association says about 667,000 residential properties changed hands in 2021, about 30 per cent more than the 10-year average.
However, home sales in December were little changed from November as they rose 0.2 per cent on a seasonally-adjusted basis.
On a non-seasonally-adjusted basis, CREA says sales in December totalled 35,971, down nearly 10 per cent from 39,940 in December 2020.
The national average home price was $713,500 last month, up almost 18 per cent from the previous December.
New listings for the month totalled 28,550, a 15 per cent fall from the 33,606 on the market during the prior December.
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