May 28, 2024
Worst January for home sales since 2009, CREA says | CBC News

Worst January for home sales since 2009, CREA says | CBC News

Business·Breaking

The Canadian Real Estate Association says homes sales in January were the lowest for the month since 2009 and fell 37.1 per cent compared with a year ago.

January sales were also down on a month-over-month basis

An aerial shot of snow-covered houses.
Snow-covered houses are seen in Scarborough, Ont., on Jan. 27. The Canadian Real Estate Association says homes sales in January were the lowest for the month since 2009. (Patrick Morrell/CBC)

The Canadian Real Estate Association says home sales in January were the lowest for the month since 2009 and fell 37.1 per cent compared with a year ago.

The drop came as January sales were also down on a month-over-month basis as they dropped three per cent compared with December.

More to come.

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