OCTOBER 2023 CREA Statistics and Quarterly Forecast

OCTOBER 2023 CREA Statistics and Quarterly Forecast

Statistics released by the Canadian Real Estate Association (CREA) show national home sales declined on a month-over-month basis in October 2023.

Highlights:

• National home sales fell 5.6% month-over-month in October.
• Actual (not seasonally adjusted) monthly activity came in 0.9% above October 2022.
• The number of newly listed properties declined 2.3% month-over-month.
• The MLS^® Home Price Index (HPI) decreased by 0.8% month-over-month but was still up 1.1% year-over-year.
• The actual (not seasonally adjusted) national average sale price posted a 1.8% year-over-year increase in October.

Home sales recorded over Canadian MLS^® Systems posted a 5.6% decline between September and October 2023. The sizable decline was the result of fewer sales in most of Canada’s largest markets. 

Access the October 2023 national stats PDF.