The Canadian Real Estate Association News Releasenormfisher.com/pdfreports/crea_01_2017.pdf · The trademarks MLS ®, Multiple Listing Service and the associated logos are owned by

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. 1

According to statistics1 released today by The Canadian Real Estate Association (CREA), national home sales were down slightly in January 2017 on a month-over-month basis.

Highlights: • National home sales declined 1.3% from December 2016 to January 2017.• Actual (not seasonally adjusted) activity in January was up 1.9% from a year earlier.• The number of newly listed homes dropped 6.7% from December 2016 to January 2017.• The MLS® Home Price Index (HPI) in January was up 15.0% year-over-year (y-o-y).• The national average sale price was little changed (+0.2%) y-o-y in January.

Home sales over Canadian MLS® Systems edged down by 1.3% month-over-month in January 2017, putting them at the second lowest monthly level since the fall of 2015 and only slightly above levels recorded last November when recently tightened mortgage regulations came into effect. (Chart A)

Sales activity was down from the previous month in about half of all local markets, led by three of Canada’s largest urban centres: the Greater Toronto Area (GTA), Greater Vancouver and Montreal.

Actual (not seasonally adjusted) sales activity was up 1.9% compared to the same month last year. While sales were up from year-ago levels in about two-thirds of all local housing markets including in the GTA, Calgary, Edmonton, London and St Thomas, and Montreal, they were down significantly in the Lower Mainland of British Columbia.

“Canadian homebuyers face some challenges this year, including new mortgage rules that make it harder to qualify for a mortgage and regulatory changes that will push up mortgage financing costs,” said CREA President Cliff Iverson. "It will take some time to gauge the extent to which these challenges will weigh on home buyers in different housing markets across Canada. All real estate is local, and REALTORS® remain your best source for information about sales and listings where you live or might like to in the future.”

“The shortage of homes available for sale has become more severe in some cities, particularly in and around Toronto and in parts of BC,” said Gregory Klump, CREA’s Chief Economist. “Unless sales activity drops dramatically, the outlook for home prices remains strong in places that face a continuing supply shortage."

The number of newly listed homes dropped 6.7% in January 2017, the second consecutive monthly decline. New listings were down in about two-thirds of all local markets, led by the GTA and environs and across Vancouver Island.

Canadian home sales edge down from December to JanuaryOttawa, ON, February 15, 2017

1 All figures in this release except price measures are seasonally adjusted unless otherwise noted. Removing normal seasonal variations enables meaningful analysis of monthly changes and fundamental trends.

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

Chart A

The Canadian Real Estate AssociationNews Release


With the monthly decline in new listings surpassing the decline in sales, the national sales-to-new listings ratio jumped to 67.7% in January compared to 64.0% in December and 60.2% in November.

A sales-to-new listings ratio between 40 and 60 is generally consistent with balanced housing market conditions, with readings below and above this range indicating buyers’ and sellers’ markets respectively.

The ratio was above 60% in about half of all local housing markets in January, the vast majority of which are located in British Columbia, in and around the GTA and across southwestern Ontario. A monthly decline in newly listed homes further tightened housing markets that were already in sellers’ market territory.

The number of months of inventory is another important measure of the balance between housing supply and demand. It represents how long it would take to completely liquidate current inventories at the current rate of sales activity.

There were 4.6 months of inventory on a national basis at the end of January 2017 – unchanged from December 2016 and a six-year low for the measure.

The imbalance between limited housing supply and robust demand in Ontario’s Greater Golden Horseshoe region is without precedent (the region includes the GTA, Hamilton-Burlington, Oakville-Milton, Guelph, Kitchener-Waterloo, Cambridge, Brantford, the Niagara Region, Barrie and nearby cottage country). The number of months of inventory in January 2017 stood at or below one month in the GTA, Hamilton-Burlington, Oakville-Milton, Kitchener-Waterloo, Cambridge, Brantford and Guelph.

The MLS® Home Price Index (MLS® HPI) now includes Oakville-Milton and Guelph, and has been historically revised to ensure that all aggregate measures remain comparable.

The Aggregate Composite MLS® HPI rose by 15.0% y-o-y in January 2017. This was up slightly from December’s gain, reflecting an acceleration in apartment and townhouse/row unit price increases. (Chart B)

Prices for two-storey single family homes posted the strongest year-over-year gains (+16.8%), followed closely by townhouse/row units (+15.8%), one-storey single family homes (+14.4%) and apartment units (+13.3%).

While benchmark home prices were up from year-ago levels in 10 of 13 housing markets tracked by the MLS® HPI, price trends continued to vary widely by location.

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

Chart B


In the Fraser Valley and Greater Vancouver, prices have receded from their peaks posted in August 2016. That said, home prices in these regions nonetheless remain well above year-ago levels (+24.9% and +15.6% respectively).

Meanwhile, benchmark prices continue to climb in Victoria and elsewhere on Vancouver Island together with Greater Toronto, Oakville-Milton and Guelph. Year-over-year price gains in these five markets ranged from about 18% to 26% in January.

By comparison, home prices were down 2.9% y-o-y in Calgary and by 1.0% y-o-y in Saskatoon. Prices in these two markets now stand 5.9% and 4.3% below their respective peaks reached in 2015.

Home prices were up modestly from year-ago levels in Regina (+3.8%), Ottawa (+3.7%) and Greater Montreal (+3.1%). In Greater Moncton, home prices for the market overall held steady (-0.2%), reflecting an increase in townhouse row units prices (5.8%) that was offset by a decline in prices for one-storey single family homes (-1.0%). (Table 1)

The MLS® Home Price Index (MLS® HPI) provides the best way of gauging price trends because average price trends are prone to being strongly distorted by changes in the mix of sales activity from one month to the next.

The actual (not seasonally adjusted) national average price for homes sold in January 2017 was $470,253, almost unchanged (+0.2%) from where it stood one year earlier.

The national average price continues to be pulled upward by sales activity in Greater Vancouver and Greater Toronto, which remain two of Canada’s tightest, most active and expensive housing markets.

That said, Greater Vancouver’s share of national sales activity has diminished considerably over the past year, giving it less upward influence on the national average price. The average price is reduced by almost $120,000 to $351,998 if Greater Vancouver and Greater Toronto sales are excluded from calculations.


Interactive tables and charts for MLS® Home Price Index data on Composite, Single family homes (including separate indices for one- and two-storey homes), Townhouse/row units, and Apartment units are available at http://www.crea.ca/housing-market-stats/mls-home-price-index/hpi-tool/.

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

- 30 -

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

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

MLS® Systems are co-operative marketing systems 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 120,000 REALTORS® working through some 90 real estate Boards and Associations.

Further information can be found at http://crea.ca/statistics.

For more information, please contact:

Pierre Leduc, Media RelationsThe Canadian Real Estate AssociationTel.: 613-237-7111 or 613-884-1460E-mail: [email protected]

MLS® Home Price Index Benchmark Price

Composite HPI:January

2017

Percentage Change vs.

1 month ago

3 months ago

6 months ago

12 months ago

3 years ago

5 years ago

Aggregate $551,400 0.72 1.29 3.07 15.03 30.29 39.96

Lower Mainland $804,000 0.00 -2.07 -2.83 17.95 47.59 48.66

Greater Vancouver $896,000 -0.17 -2.54 -3.70 15.57 47.39 48.23

Fraser Valley $630,900 0.33 -0.89 -0.47 24.90 48.63 50.96

Vancouver Island $376,200 1.04 2.21 6.25 18.04 28.79 25.47

Victoria $559,100 1.49 2.86 6.25 21.99 34.90 27.23

Calgary $433,300 -0.15 -0.85 -1.25 -2.86 1.65 16.07

Regina $291,400 -0.40 -0.18 -0.95 3.78 -1.98 3.98

Saskatoon $300,200 0.13 -1.06 -2.85 -0.97 -2.47 6.08

Guelph $365,900 1.42 3.83 9.27 17.37 29.69 43.97

Oakville-Milton $700,600 2.11 8.31 12.24 25.76 49.22 66.32

Greater Toronto $705,900 1.45 3.31 7.69 22.61 44.92 60.75

Ottawa $340,500 -0.33 -0.33 0.53 3.67 5.47 6.28

Greater Montreal $311,200 -0.49 0.19 0.31 3.05 5.19 9.98

Greater Moncton $159,600 -1.39 -1.32 -1.75 -0.22 4.84 7.61

Table 1


Chart 1 Chart 2

Chart 3 Chart 4

Chart 5 Chart 6

National Charts


MLS® Home Price Index







January 2017

Jan 2017 Dec 2016monthly

percentage change

Jan 2017 Jan 2016year-over-year

percentage change


percentage change


percentage change

Fraser Valley 1,032.9 1,001.8 3.1 611.5 884.0 -30.8 978.7 914.0 7.1 577.5 847.5 -31.9Greater Vancouver 2,238.1 2,597.1 -13.8 1,458.0 2,833.0 -48.5 2,107.9 2,525.9 -16.5 1,363.9 2,788.1 -51.1Victoria 456.9 459.2 -0.5 276.3 275.0 0.5 435.4 435.5 0.0 264.5 260.6 1.5Calgary 978.9 1,002.5 -2.4 567.2 466.7 21.5 904.7 957.7 -5.5 517.6 440.4 17.5Edmonton 653.8 603.2 8.4 343.5 264.1 30.1 559.6 548.5 2.0 291.0 237.6 22.5Regina 85.8 97.9 -12.3 53.8 54.6 -1.4 79.1 93.5 -15.4 50.0 54.0 -7.5Saskatoon 136.5 144.7 -5.7 82.8 83.3 -0.6 137.6 139.4 -1.3 79.4 75.5 5.2Winnipeg 304.8 307.1 -0.8 153.2 149.0 2.8 292.4 295.4 -1.0 145.5 144.8 0.5Hamilton-Burlington 697.7 687.7 1.5 433.0 325.9 32.8 663.6 643.4 3.1 405.7 313.1 29.6Kitchener-Waterloo 252.3 248.1 1.7 147.0 117.2 25.5 227.7 228.4 -0.3 131.0 109.3 19.9London and St Thomas 313.6 263.1 19.2 197.3 142.2 38.7 283.4 245.3 15.5 169.9 127.5 33.2Niagara Region 284.1 277.2 2.5 175.9 110.7 58.9 259.0 242.8 6.7 152.6 98.8 54.4Ottawa 544.9 552.7 -1.4 270.3 228.2 18.5 530.0 535.3 -1.0 258.7 215.1 20.3Sudbury 57.4 62.7 -8.4 32.5 26.1 24.2 51.1 56.6 -9.7 27.7 23.1 19.7Thunder Bay 43.4 45.2 -3.8 19.5 18.0 8.7 41.7 43.8 -4.9 18.4 16.9 8.8Greater Toronto† 7,645.4 7,561.9 1.1 3,998.6 2,948.5 35.6 7,729.6 7,609.9 1.6 3,998.6 2,948.5 35.6Windsor-Essex 158.2 157.5 0.4 107.5 87.3 23.2 141.3 142.5 -0.8 86.3 74.2 16.2Trois Rivières CMA 16.7 18.9 -11.9 13.1 13.3 -1.4 15.8 15.1 4.5 12.7 11.6 9.6Montreal CMA 1,263.3 1,292.0 -2.2 835.3 785.3 6.4 1,187.8 1,221.1 -2.7 773.3 719.2 7.5Gatineau CMA 89.8 83.9 7.1 56.1 47.4 18.3 88.8 80.8 9.9 53.9 44.0 22.3Quebec CMA 162.9 163.7 -0.5 130.2 118.1 10.3 148.4 153.2 -3.1 116.6 109.6 6.3Saguenay CMA 17.7 22.1 -19.8 10.4 9.6 8.5 16.8 21.1 -20.6 9.9 9.1 8.9Sherbrooke CMA 45.5 45.3 0.5 33.4 26.3 27.0 40.4 38.5 5.0 30.8 23.1 33.3Saint John 34.8 26.8 30.0 21.0 13.5 56.2 31.3 26.4 18.8 18.5 11.8 56.7Halifax-Dartmouth 113.7 132.0 -13.9 67.1 72.0 -6.8 106.4 126.0 -15.5 62.1 66.9 -7.2Newfoundland & Labrador 75.4 76.2 -1.0 36.4 40.5 -10.2 75.9 76.3 -0.6 36.4 40.5 -10.2Canada 22,285.1 22,570.7 -1.3 12,694.8 12,200.9 4.0 21,243.8 21,586.1 -1.6 11,888.9 11,641.0 2.1

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

1 Total = Residential + Non-residential2 Seasonally adjusted3 Not seasonally adjustedNote: 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 2000 are not directly comparable with earlier years.Source: The Canadian Real Estate Association

Dollar Volume over MLS® Systems of Select Canadian Real Estate Boards & Associations

Dollar Volume*

Total1 Residentials.a.2 nsa3 s.a.2 nsa3

January 2017


percentage change


percentage change


percentage change


percentage change

Fraser Valley 1,622 1,490 8.9 976 1,338 -27.1 1,522 1,421 7.1 914 1,268 -27.9Greater Vancouver 2,523 2,663 -5.3 1,613 2,626 -38.6 2,457 2,590 -5.1 1,553 2,574 -39.7Victoria 751 778 -3.5 478 539 -11.3 715 731 -2.2 449 497 -9.7Calgary 2,036 2,050 -0.7 1,226 1,049 16.9 1,974 1,994 -1.0 1,147 1,002 14.5Edmonton 1,717 1,672 2.7 921 777 18.5 1,503 1,492 0.7 827 700 18.1Regina 291 309 -5.8 180 175 2.9 268 298 -10.1 168 174 -3.4Saskatoon 427 427 0.0 249 232 7.3 413 407 1.5 237 219 8.2Winnipeg 1,074 1,110 -3.2 561 571 -1.8 1,041 1,051 -1.0 534 530 0.8Hamilton-Burlington 1,293 1,294 -0.1 827 732 13.0 1,240 1,243 -0.2 786 700 12.3Kitchener-Waterloo 574 573 0.2 329 329 0.0 548 542 1.1 311 309 0.6London and St Thomas 1,009 888 13.6 645 500 29.0 956 845 13.1 589 472 24.8Niagara Region 810 807 0.4 509 423 20.3 738 738 0.0 452 368 22.8Ottawa 1,395 1,425 -2.1 718 646 11.1 1,345 1,355 -0.7 682 603 13.1Sudbury 191 251 -23.9 119 120 -0.8 182 211 -13.7 106 102 3.9Thunder Bay 204 204 0.0 101 96 5.2 183 191 -4.2 90 89 1.1Greater Toronto† 9,613 9,766 -1.6 5,188 4,672 11.0 9,654 9,813 -1.6 5,188 4,672 11.0Windsor-Essex 693 684 1.3 462 401 15.2 625 638 -2.0 404 362 11.6Trois Rivières CMA 98 97 1.0 80 80 0.0 95 92 3.3 78 72 8.3Montreal CMA 3,404 3,463 -1.7 2,349 2,227 5.5 3,255 3,338 -2.5 2,244 2,136 5.1Gatineau CMA 347 338 2.7 221 197 12.2 336 325 3.4 214 185 15.7Quebec CMA 566 582 -2.7 466 473 -1.5 537 554 -3.1 450 451 -0.2Saguenay CMA 102 119 -14.3 67 53 26.4 92 104 -11.5 60 50 20.0Sherbrooke CMA 178 174 2.3 138 114 21.1 155 154 0.6 121 105 15.2Saint John 216 182 18.7 136 86 58.1 179 161 11.2 113 73 54.8Halifax-Dartmouth 424 453 -6.4 251 273 -8.1 396 429 -7.7 234 253 -7.5Newfoundland & Labrador 314 306 2.6 151 163 -7.4 314 306 2.6 151 163 -7.4Canada 45,932 46,396 -1.0 27,216 26,440 2.9 43,082 43,667 -1.3 25,282 24,802 1.9

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


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

Sales Activity


January 2017


percentage change


percentage change


percentage change


percentage change

Fraser Valley 2,357 2,166 8.8 2,178 2,510 -13.2 2,085 1,930 8.0 1,938 2,266 -14.5Greater Vancouver 4,857 4,025 20.7 4,478 4,782 -6.4 4,672 3,755 24.4 4,245 4,570 -7.1Victoria 868 1,023 -15.2 753 934 -19.4 764 960 -20.4 657 811 -19.0Calgary 3,649 3,582 1.9 3,404 3,854 -11.7 3,243 3,290 -1.4 3,068 3,496 -12.2Edmonton 3,167 3,373 -6.1 2,768 3,079 -10.1 2,746 2,886 -4.9 2,433 2,667 -8.8Regina 672 655 2.6 564 497 13.5 612 614 -0.3 511 480 6.5Saskatoon 1,186 1,189 -0.3 1,042 984 5.9 1,123 1,100 2.1 977 932 4.8Winnipeg 1,950 1,933 0.9 1,502 1,519 -1.1 1,739 1,737 0.1 1,320 1,333 -1.0Hamilton-Burlington 1,262 1,434 -12.0 997 1,123 -11.2 1,160 1,397 -17.0 911 1,015 -10.2Kitchener-Waterloo 447 796 -43.8 490 765 -35.9 393 716 -45.1 428 674 -36.5London and St Thomas 1,343 1,324 1.4 1,132 1,313 -13.8 1,153 1,149 0.3 964 1,091 -11.6Niagara Region 780 935 -16.6 662 673 -1.6 661 871 -24.1 535 534 0.2Ottawa 2,547 2,519 1.1 1,920 2,056 -6.6 2,268 2,348 -3.4 1,697 1,870 -9.3Sudbury 576 406 41.9 441 388 13.7 420 339 23.9 319 297 7.4Thunder Bay 316 263 20.2 204 219 -6.8 275 257 7.0 174 174 0.0Greater Toronto† 10,431 12,131 -14.0 7,338 8,957 -18.1 10,321 12,490 -17.4 7,338 8,957 -18.1Windsor-Essex 946 819 15.5 813 728 11.7 758 760 -0.3 633 585 8.2Trois Rivières CMA 169 172 -1.7 196 207 -5.3 147 154 -4.5 180 193 -6.7Montreal CMA 6,040 6,480 -6.8 7,266 7,975 -8.9 5,619 6,003 -6.4 6,867 7,620 -9.9Gatineau CMA 777 891 -12.8 744 664 12.0 699 722 -3.2 682 616 10.7Quebec CMA 1,226 1,239 -1.0 1,413 1,457 -3.0 1,110 1,141 -2.7 1,308 1,343 -2.6Saguenay CMA 223 221 0.9 227 277 -18.1 196 208 -5.8 218 224 -2.7Sherbrooke CMA 313 446 -29.8 339 389 -12.9 265 315 -15.9 306 341 -10.3Saint John 493 467 5.6 533 535 -0.4 368 333 10.5 376 382 -1.6Halifax-Dartmouth 881 923 -4.6 781 789 -1.0 734 766 -4.2 632 687 -8.0Newfoundland & Labrador 924 983 -6.0 873 862 1.3 929 976 -4.8 873 862 1.3Canada 72,433 76,005 -4.7 63,943 70,884 -9.8 63,677 68,216 -6.7 55,991 62,542 -10.5

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


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

New Listings


January 2017


percentage change


percentage change


percentage change


percentage change

Fraser Valley 640,029 681,734 -6.1 626,499 660,720 -5.2 643,331 642,412 0.1 631,852 668,336 -5.5Greater Vancouver 903,738 970,818 -6.9 903,881 1,078,820 -16.2 851,384 972,482 -12.5 878,242 1,083,177 -18.9Victoria 602,364 607,375 -0.8 578,031 510,130 13.3 611,362 585,228 4.5 589,082 524,361 12.3Calgary 477,795 487,268 -1.9 462,608 444,893 4.0 466,964 483,403 -3.4 451,242 439,552 2.7Edmonton 379,836 363,074 4.6 373,011 339,932 9.7 360,199 363,008 -0.8 351,827 339,397 3.7Regina 309,072 323,671 -4.5 298,845 311,828 -4.2 302,495 324,047 -6.7 297,532 310,471 -4.2Saskatoon 340,025 343,662 -1.1 332,555 358,969 -7.4 335,812 339,603 -1.1 335,121 344,639 -2.8Winnipeg 280,950 278,732 0.8 273,154 260,937 4.7 283,938 284,748 -0.3 272,553 273,154 -0.2Hamilton-Burlington 531,342 532,482 -0.2 523,551 445,252 17.6 522,978 516,048 1.3 516,128 447,234 15.4Kitchener-Waterloo 446,942 450,765 -0.8 446,942 356,105 25.5 421,151 423,128 -0.5 421,151 353,608 19.1London and St Thomas 309,572 300,906 2.9 305,882 284,461 7.5 292,291 289,248 1.1 288,438 270,158 6.8Niagara Region 343,373 345,104 -0.5 345,667 261,721 32.1 346,059 325,277 6.4 337,561 268,601 25.7Ottawa 386,651 399,059 -3.1 376,531 353,270 6.6 389,875 398,737 -2.2 379,369 356,712 6.4Sudbury 282,805 253,523 11.5 272,746 217,853 25.2 270,166 261,420 3.3 261,054 226,559 15.2Thunder Bay 211,979 217,673 -2.6 193,377 187,241 3.3 225,733 223,853 0.8 204,665 190,143 7.6Greater Toronto† 803,584 773,114 3.9 770,745 631,092 22.1 803,455 773,094 3.9 770,745 631,092 22.1Windsor-Essex 236,024 229,945 2.6 232,767 217,753 6.9 222,783 222,931 -0.1 213,526 205,064 4.1Trois Rivières CMA 163,538 210,298 -22.2 n/a n/a - 162,374 164,371 0.0 162,374 161,447 0.6Montreal CMA 369,853 371,065 -0.3 n/a n/a - 360,177 365,822 0.0 351,255 339,723 3.4Gatineau CMA 254,950 239,969 6.2 n/a n/a - 264,011 248,602 0.0 257,544 238,937 7.8Quebec CMA 281,268 266,565 5.5 n/a n/a - 265,277 276,462 0.0 259,509 246,217 5.4Saguenay CMA 156,102 169,260 -7.8 n/a n/a - 172,011 202,843 0.0 165,924 179,835 -7.7Sherbrooke CMA 254,630 264,933 -3.9 n/a n/a - 259,738 250,035 0.0 253,220 218,843 15.7Saint John 154,555 153,721 0.5 154,555 156,474 -1.2 164,126 158,439 3.6 164,126 162,181 1.2Halifax-Dartmouth 278,306 281,200 -1.0 267,367 263,809 1.3 274,873 287,729 -4.5 265,237 264,483 0.3Newfoundland & Labrador 242,819 246,188 -1.4 240,860 248,508 -3.1 242,945 245,794 -1.2 240,860 248,508 -3.1Canada 479,990 478,242 0.4 466,445 461,457 1.1 484,306 485,558 -0.3 470,253 469,359 0.2

* Weighted residential average prices for Quebec (provided by Québec Federation of Real Estate Boards); does not affect weighted and unweighted national average price calculations. Information on Quebec's weighted average price calculation can be found at: http://www.fciq.ca/pdf/Carrefour/definitions/en/prix_moyen_pondere_a.pdf†Detailed data for the Toronto Real Estate Board (TREB) market area can be found at http://www.torontorealestateboard.com/market_news/market_watch/index.htm


Average Sale Price over MLS® Systems of Select Canadian Real Estate Boards & Associations

Average Price*


January 2017

Jan 2017 Dec 2016 monthly change Jan 2017 Jan 2016 year-over-year change Jan 2017 Dec 2016 monthly change Jan 2017 Jan 2016 year-over-year

change

Fraser Valley 68.8 68.8 0.0 69.0 70.3 -1.3 73.0 73.6 -0.6 72.2 73.8 -1.6Greater Vancouver 51.9 66.2 ‐14.3 66.1 72.8 ‐6.7 52.6 69.0 ‐16.4 67.7 74.7 ‐7.0Victoria 86.5 76.1 10.4 80.8 65.2 15.6 93.6 76.1 17.5 84.3 68.7 15.6Calgary 55.8 57.2 ‐1.4 53.1 54.0 ‐0.9 60.9 60.6 0.3 55.5 56.7 ‐1.2Edmonton 54.2 49.6 4.6 47.0 47.8 -0.8 54.7 51.7 3.0 48.9 50.2 -1.3Regina 43.3 47.2 ‐3.9 47.6 43.6 4.0 43.8 48.5 ‐4.7 48.8 44.4 4.4Saskatoon 36.0 35.9 0.1 36.0 36.8 -0.8 36.8 37.0 -0.2 37.1 37.7 -0.6Winnipeg 55.1 57.4 ‐2.3 57.2 52.6 4.6 59.9 60.5 ‐0.6 60.4 55.3 5.1Hamilton-Burlington 102.5 90.2 12.3 81.8 76.3 5.5 106.9 89.0 17.9 84.6 78.7 5.9Kitchener-Waterloo 128.4 72.0 56.4 81.2 62.2 19.0 139.4 75.7 63.7 85.8 65.4 20.4London and St Thomas 75.1 67.1 8.0 62.9 51.4 11.5 82.9 73.5 9.4 69.8 56.8 13.0Niagara Region 103.8 86.3 17.5 82.2 65.6 16.6 111.6 84.7 26.9 86.8 71.3 15.5Ottawa 54.8 56.6 -1.8 50.8 44.2 6.6 59.3 57.7 1.6 53.5 46.3 7.2Sudbury 33.2 61.8 ‐28.6 43.8 42.1 1.7 43.3 62.2 ‐18.9 49.9 48.2 1.7Thunder Bay 64.6 77.6 -13.0 63.3 57.9 5.4 66.5 74.3 -7.8 68.4 63.3 5.1Greater Toronto† 92.2 80.5 11.7 74.5 63.6 10.9 93.5 78.6 14.9 74.5 63.6 10.9Windsor-Essex 73.3 83.5 -10.2 65.8 61.0 4.8 82.5 83.9 -1.4 73.8 69.2 4.6Trois Rivières CMA 58.0 56.4 1.6 56.5 52.7 3.8 64.6 59.7 4.9 59.1 56.0 3.1Montreal CMA 56.4 53.4 3.0 54.6 48.0 6.6 57.9 55.6 2.3 56.3 49.4 6.9Gatineau CMA 44.7 37.9 6.8 43.8 38.7 5.1 48.1 45.0 3.1 46.3 40.8 5.5Quebec CMA 46.2 47.0 -0.8 47.2 46.5 0.7 48.4 48.6 -0.2 49.6 48.7 0.9Saguenay CMA 45.7 53.8 ‐8.1 44.3 40.8 3.5 46.9 50.0 ‐3.1 45.8 44.4 1.4Sherbrooke CMA 56.9 39.0 17.9 48.1 43.7 4.4 58.5 48.9 9.6 52.0 45.4 6.6Saint John 43.8 39.0 4.8 39.3 34.1 5.2 48.6 48.3 0.3 45.7 38.8 6.9Halifax-Dartmouth 48.1 49.1 -1.0 48.0 44.1 3.9 54.0 56.0 -2.0 52.9 47.8 5.1Newfoundland & Labrador 34.0 31.1 2.9 36.7 39.7 -3.0 33.8 31.4 2.4 36.7 39.7 -3.0Canada 63.4 61.0 2.4 59.3 53.4 5.9 67.7 64.0 3.7 62.7 56.8 5.9

*Actual (not seasonally adjusted) data for sales-to-new listings ratios are based on a 12-month moving average†Detailed data for the Toronto Real Estate Board (TREB) market area can be found at http://www.torontorealestateboard.com/market_news/market_watch/index.htm


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

Sales as a Percentage of New Listings*


January 2017


percentage change


percentage change


percentage change


percentage change

British Columbia 4,968.1 5,296.8 -6.2 3,025.3 4,549.7 -33.5 4,609.4 4,971.3 -7.3 2,786.8 4,390.2 -36.5Alberta 2,042.9 1,979.5 3.2 1,149.1 928.8 23.7 1,850.3 1,858.8 -0.5 1,026.2 846.2 21.3Saskatchewan 305.8 312.3 -2.1 187.3 176.7 6.0 286.5 294.0 -2.5 167.2 160.7 4.0Manitoba 349.0 344.4 1.3 175.7 165.3 6.3 331.4 330.2 0.4 165.6 158.9 4.2Ontario 12,179.2 12,129.3 0.4 6,557.6 4,914.2 33.4 11,897.8 11,803.8 0.8 6,277.1 4,739.7 32.4Quebec 2,021.7 2,076.5 -2.6 1,362.7 1,239.7 9.9 1,882.9 1,919.6 -1.9 1,252.5 1,136.7 10.2New Brunswick 106.2 106.9 -0.7 63.9 58.4 9.4 96.5 100.7 -4.1 56.4 54.3 3.8Nova Scotia 175.3 197.0 -11.0 101.3 104.1 -2.7 160.6 183.6 -12.5 91.3 95.4 -4.3Prince Edward Island 32.0 30.0 6.8 20.1 16.6 21.2 25.6 24.4 4.9 15.4 11.3 36.5Newfoundland & Labrador 75.4 76.2 -1.0 36.4 40.5 -10.2 75.9 76.3 -0.6 36.4 40.5 -10.2Northwest Territories 7.6 11.6 -34.6 3.4 2.4 42.0 7.4 13.8 -46.2 3.4 2.4 42.0Yukon 21.9 10.2 115.0 12.0 4.7 155.8 19.4 9.6 102.1 10.7 4.7 127.6Canada 22,285.1 22,570.7 -1.3 12,694.8 12,200.9 4.0 21,243.8 21,586.1 -1.6 11,888.9 11,641.0 2.1


percentage change


percentage change


percentage change


percentage change

British Columbia 8,221 8,232 -0.1 4,946 6,217 -20.4 7,529 7,587 -0.8 4,487 5,831 -23.0Alberta 5,034 4,984 1.0 2,908 2,458 18.3 4,667 4,670 -0.1 2,679 2,277 17.7Saskatchewan 1,044 1,056 -1.1 619 590 4.9 982 1,001 -1.9 579 552 4.9Manitoba 1,238 1,268 -2.4 655 654 0.2 1,193 1,190 0.3 620 602 3.0Ontario 21,323 21,648 -1.5 11,962 10,766 11.1 20,365 20,709 -1.7 11,277 10,202 10.5Quebec 6,950 7,029 -1.1 4,882 4,535 7.7 6,486 6,581 -1.4 4,566 4,252 7.4New Brunswick 654 691 -5.4 409 405 1.0 565 610 -7.4 349 361 -3.3Nova Scotia 887 934 -5.0 528 530 -0.4 767 809 -5.2 450 464 -3.0Prince Edward Island 200 189 5.8 112 100 12.0 150 144 4.2 82 76 7.9Newfoundland & Labrador 314 306 2.6 151 163 -7.4 314 306 2.6 151 163 -7.4Northwest Territories 21 30 -30.0 10 7 42.9 21 32 -34.4 10 7 42.9Yukon 46 29 58.6 34 15 126.7 43 28 53.6 32 15 113.3Canada 45,932 46,396 -1.0 27,216 26,440 2.9 43,082 43,667 -1.3 25,282 24,802 1.9

* in millions of dollars


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

Dollar Volume*

s.a.2 nsa3

ResidentialTotal1

s.a.2 nsa3

s.a.2 nsa3 s.a.2 nsa3

Sales Activity

Total1 Residential

January 2017


percentage change


percentage change


percentage change


percentage change

British Columbia 12,747 12,418 2.6 11,212 12,743 -12.0 11,056 10,850 1.9 9,612 11,052 -13.0Alberta 9,781 9,919 -1.4 9,042 9,766 -7.4 8,611 8,750 -1.6 7,947 8,559 -7.2Saskatchewan 2,780 2,785 -0.2 2,341 2,185 7.1 2,522 2,561 -1.5 2,096 2,005 4.5Manitoba 2,247 2,222 1.1 1,763 1,869 -5.7 1,999 1,957 2.1 1,535 1,637 -6.2Ontario 26,471 29,120 -9.1 20,291 23,655 -14.2 23,649 27,471 -13.9 17,830 20,935 -14.8Quebec 13,519 14,504 -6.8 14,839 15,962 -7.0 11,972 12,600 -5.0 13,566 14,614 -7.2New Brunswick 1,615 1,545 4.5 1,568 1,557 0.7 1,185 1,178 0.6 1,090 1,157 -5.8Nova Scotia 1,968 1,985 -0.9 1,661 1,746 -4.9 1,471 1,533 -4.0 1,215 1,364 -10.9Prince Edward Island 307 448 -31.5 292 456 -36.0 215 268 -19.8 177 278 -36.3Newfoundland & Labrador 924 983 -6.0 873 862 1.3 929 976 -4.8 873 862 1.3Northwest Territories 34 39 -12.8 24 30 -20.0 32 38 -15.8 21 29 -27.6Yukon 40 37 8.1 37 53 -30.2 36 34 5.9 29 50 -42.0Canada 72,433 76,005 -4.7 63,943 70,884 -9.8 63,677 68,216 -6.7 55,991 62,542 -10.5


percentage change


percentage change


percentage change


percentage change

British Columbia 611,252 643,028 -4.9 611,675 731,808 -16.4 619,822 656,796 -5.6 621,093 752,906 -17.5Alberta 405,729 405,826 0.0 395,138 377,873 4.6 396,112 400,582 -1.1 383,040 371,620 3.1Saskatchewan 303,904 299,220 1.6 302,553 299,444 1.0 292,171 296,184 -1.4 288,703 291,104 -0.8Manitoba 277,648 269,984 2.8 268,305 252,693 6.2 282,205 279,237 1.1 267,068 264,007 1.2Ontario 575,187 562,381 2.3 548,199 456,455 20.1 583,351 569,107 2.5 556,631 464,588 19.8Quebec 290,067 291,896 -0.6 n/a n/a - 291,657 291,689 0.0 283,984 272,998 4.0New Brunswick 161,285 153,573 5.0 156,170 144,102 8.4 167,226 164,334 1.8 161,656 150,538 7.4Nova Scotia 200,016 208,544 -4.1 191,868 196,349 -2.3 213,366 225,717 -5.5 202,794 205,555 -1.3Prince Edward Island 179,555 175,709 2.2 179,555 165,923 8.2 188,246 189,455 -0.6 188,246 148,796 26.5Newfoundland & Labrador 242,819 246,188 -1.4 240,860 248,508 -3.1 242,945 245,794 -1.2 240,860 248,508 -3.1Northwest Territories 341,890 487,986 -29.9 341,890 343,856 -0.6 341,890 451,414 -24.3 341,890 343,856 -0.6Yukon 365,307 336,708 8.5 352,568 312,440 12.8 352,838 355,156 -0.7 333,353 312,440 6.7Canada 479,990 478,242 0.4 466,445 461,457 1.1 484,306 485,558 -0.3 470,253 469,359 0.2

* Provincial weighted residential average price for Quebec (provided by Québec Federation of Real Estate Boards); does not affect weighted and unweighted national average price calculations. Information on Quebec's weighted average price calculation can be found at: http://www.fciq.ca/pdf/Carrefour/definitions/en/prix_moyen_pondere_a.pdf


Average Price*


nsa3 s.a.2 nsa3

New Listings

New Listings and Average Sale Price over MLS® Systems of Canadian Real Estate Boards & Associations

Total1 Residentials.a.2

January 2017


change

British Columbia 64.5 66.3 -1.8 67.8 64.1 3.7 68.1 69.9 -1.8 71.5 68.8 2.7Alberta 51.5 50.2 1.3 46.9 48.7 -1.8 54.2 53.4 0.8 49.4 51.6 -2.2Saskatchewan 37.6 37.9 -0.3 38.4 38.8 -0.4 38.9 39.1 -0.2 39.9 40.2 -0.3Manitoba 55.1 57.1 -2.0 55.9 51.4 4.5 59.7 60.8 -1.1 59.1 54.3 4.8Ontario 80.6 74.3 6.3 68.6 58.2 10.4 86.1 75.4 10.7 72.0 61.2 10.8Quebec 51.4 48.5 2.9 49.2 44.2 5.0 54.2 52.2 2.0 52.1 46.7 5.4New Brunswick 40.5 44.7 -4.2 41.8 36.9 4.9 47.7 51.8 -4.1 48.0 42.2 5.8Nova Scotia 45.1 47.1 -2.0 45.0 40.1 4.9 52.1 52.8 -0.7 51.5 45.1 6.4Prince Edward Island 65.1 42.2 22.9 49.0 36.6 12.4 69.8 53.7 16.1 60.2 44.2 16.0Newfoundland & Labrador 34.0 31.1 2.9 36.7 39.7 -3.0 33.8 31.4 2.4 36.7 39.7 -3.0Northwest Territories 61.8 76.9 -15.1 63.6 63.8 -0.2 65.6 84.2 -18.6 65.4 64.0 1.4Yukon 115.0 78.4 36.6 76.3 51.3 25.0 119.4 82.4 37.0 83.1 54.8 28.3Canada 63.4 61.0 2.4 59.3 53.4 5.9 67.7 64.0 3.7 62.7 56.8 5.9


change

British Columbia 3.4 3.4 0.0 4.3 5.8 -1.5 3.7 3.7 0.0 3.2 4.4 -1.3Alberta 5.1 5.3 -0.2 7.3 6.4 0.9 5.5 5.6 -0.1 6.1 5.2 0.8Saskatchewan 8.8 8.5 0.3 10.0 9.5 0.5 9.4 8.9 0.5 9.0 8.5 0.4Manitoba 3.6 3.5 0.1 4.6 5.2 -0.5 3.7 3.8 -0.1 3.8 4.3 -0.5Ontario 1.7 1.7 0.0 2.9 4.1 -1.2 1.8 1.8 0.0 2.2 3.2 -1.1Quebec 10.6 10.7 -0.1 13.6 15.0 -1.4 11.4 11.4 0.0 11.8 13.2 -1.4New Brunswick 9.2 8.7 0.5 14.6 16.8 -2.2 10.6 9.8 0.8 10.6 12.4 -1.8Nova Scotia 8.8 8.7 0.1 14.5 16.9 -2.4 10.2 10.1 0.1 10.4 12.3 -2.0Prince Edward Island 6.8 7.9 -1.1 16.0 22.0 -5.9 9.1 10.4 -1.3 9.4 14.0 -4.6Newfoundland & Labrador 12.9 13.2 -0.3 17.0 15.6 1.4 12.9 13.2 -0.3 11.6 10.9 0.7Northwest Territories 6.4 4.5 1.9 5.9 5.5 0.4 6.4 4.2 2.2 5.5 5.1 0.4Yukon 2.7 4.9 -2.2 6.8 10.1 -3.4 2.9 5.1 -2.2 5.3 8.3 -3.0Canada 4.3 4.3 0.0 5.9 7.1 -1.1 4.6 4.6 0.0 4.7 5.7 -1.0

*Actual (not seasonally adjusted) data for sales‐to‐new listings ratios and months of inventory are based on a 12‐month moving average


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 Residentials.a.2

Months of Inventory*


January 2017


percentage change


percentage change


percentage change


percentage change

BC Northern 61,902.0 52,133.0 18.7 223 208 7.2 277,587 250,640 10.8 549 571 -3.9Chilliwack 82,507.5 62,331.5 32.4 190 200 -5.0 434,250 311,657 39.3 329 384 -14.3Fraser Valley 611,463.0 884,043.9 -30.8 976 1,338 -27.1 626,499 660,720 -5.2 2,178 2,510 -13.2Kamloops 48,885.6 46,591.1 4.9 174 146 19.2 280,952 319,117 -12.0 434 434 0.0Kootenay 49,184.8 28,221.2 74.3 177 120 47.5 277,880 235,176 18.2 354 409 -13.4Northern region 3,647.5 4,006.0 -8.9 15 17 -11.8 243,167 235,647 3.2 81 83 -2.4Okanagan-Mainline 185,046.3 144,315.5 28.2 421 369 14.1 439,540 391,099 12.4 767 1,015 -24.4Powell River 7,258.3 3,670.8 97.7 27 17 58.8 268,826 215,929 24.5 46 48 -4.2South Okanagan 51,155.3 38,853.9 31.7 124 114 8.8 412,543 340,823 21.0 302 293 3.1Greater Vancouver 1,457,959.8 2,832,980.1 -48.5 1,613 2,626 -38.6 903,881 1,078,820 -16.2 4,478 4,782 -6.4Vancouver Island 190,037.1 177,545.3 7.0 528 523 1.0 359,919 339,475 6.0 941 1,280 -26.5Victoria 276,298.6 274,959.8 0.5 478 539 -11.3 578,031 510,130 13.3 753 934 -19.4British Columbia 3,025,345.9 4,549,652.0 -33.5 4,946 6,217 -20.4 611,675 731,808 -16.4 11,212 12,743 -12.0


percentage change


percentage change


percentage change


percentage change

BC Northern 49,629.2 39,796.6 24.7 190 171 11.1 261,206 232,729 12.2 424 443 -4.3Chilliwack 78,631.8 55,611.5 41.4 182 178 2.2 432,043 312,424 38.3 282 311 -9.3Fraser Valley 577,512.5 847,450.3 -31.9 914 1,268 -27.9 631,852 668,336 -5.5 1,938 2,266 -14.5Kamloops 42,980.9 40,973.7 4.9 133 129 3.1 323,165 317,626 1.7 278 343 -19.0Kootenay 40,202.9 25,448.2 58.0 141 102 38.2 285,127 249,492 14.3 245 298 -17.8Northern region 3,647.5 3,226.0 13.1 15 13 15.4 243,167 248,154 -2.0 68 60 13.3Okanagan-Mainline 155,134.0 127,960.4 21.2 353 334 5.7 439,473 383,115 14.7 526 793 -33.7Powell River 6,341.3 3,467.8 82.9 22 14 57.1 288,241 247,700 16.4 26 38 -31.6South Okanagan 38,043.7 32,905.1 15.6 101 97 4.1 376,670 339,227 11.0 234 214 9.3Greater Vancouver 1,363,910.5 2,788,098.8 -51.1 1,553 2,574 -39.7 878,242 1,083,177 -18.9 4,245 4,570 -7.1Vancouver Island 166,313.4 164,647.8 1.0 434 454 -4.4 383,211 362,660 5.7 689 905 -23.9Victoria 264,497.8 260,607.6 1.5 449 497 -9.7 589,082 524,361 12.3 657 811 -19.0British Columbia 2,786,845.6 4,390,193.7 -36.5 4,487 5,831 -23.0 621,093 752,906 -17.5 9,612 11,052 -13.0

* in thousands of dollars1 Total = Residential + Non-residential

Source: The Canadian Real Estate Association

Residential

Dollar Volume* Unit Sales Average Price New Listings

British Columbia

Total1


January 2017


percentage change


percentage change


percentage change


percentage change

Alberta West 33,398.7 22,797.1 46.5 93 63 47.6 359,126 361,859 -0.8 242 246 -1.6Calgary 567,157.7 466,692.9 21.5 1,226 1,049 16.9 462,608 444,893 4.0 3,404 3,854 -11.7Central Alberta 67,099.4 57,317.6 17.1 203 182 11.5 330,539 314,932 5.0 727 761 -4.5Edmonton (Board Total) 358,156.6 268,744.3 33.3 969 796 21.7 369,615 337,618 9.5 2,943 3,239 -9.1Fort McMurray 21,814.0 24,569.1 -11.2 55 48 14.6 396,617 511,856 -22.5 266 305 -12.8Grande Prairie 36,551.7 30,616.6 19.4 121 102 18.6 302,080 300,163 0.6 611 559 9.3Lethbridge 30,581.7 37,295.3 -18.0 113 125 -9.6 270,635 298,362 -9.3 457 395 15.7Lloydminster (AB) 13,848.1 2,184.9 533.8 38 9 322.2 364,423 242,767 50.1 126 141 -10.6Medicine Hat 16,894.5 14,936.2 13.1 67 64 4.7 252,156 233,378 8.0 199 180 10.6South Central Alberta 3,559.0 3,659.0 -2.7 23 20 15.0 154,739 182,950 -15.4 67 86 -22.1Alberta 1,149,061.3 928,813.0 23.7 2,908 2,458 18.3 395,138 377,873 4.6 9,042 9,766 -7.4


percentage change


percentage change


percentage change


percentage change

Alberta West 31,305.5 18,960.6 65.1 82 54 51.9 381,775 351,122 8.7 177 206 -14.1Calgary 517,574.1 440,431.2 17.5 1,147 1,002 14.5 451,242 439,552 2.7 3,068 3,496 -12.2Central Alberta 58,785.4 48,185.7 22.0 188 168 11.9 312,688 286,819 9.0 637 665 -4.2Edmonton (Board Total) 299,982.2 239,999.3 25.0 857 712 20.4 350,038 337,078 3.8 2,543 2,777 -8.4Fort McMurray 21,814.0 24,138.0 -9.6 55 46 19.6 396,617 524,738 -24.4 257 293 -12.3Grande Prairie 33,741.7 26,706.4 26.3 114 95 20.0 295,979 281,120 5.3 487 408 19.4Lethbridge 29,722.7 28,714.0 3.5 111 112 -0.9 267,772 256,375 4.4 435 356 22.2Lloydminster (AB) 13,463.2 2,184.9 516.2 37 9 311.1 363,869 242,767 49.9 107 126 -15.1Medicine Hat 16,584.5 14,481.2 14.5 66 62 6.5 251,280 233,567 7.6 178 160 11.3South Central Alberta 3,191.0 2,378.0 34.2 22 17 29.4 145,045 139,882 3.7 58 72 -19.4Alberta 1,026,164.2 846,179.2 21.3 2,679 2,277 17.7 383,040 371,620 3.1 7,947 8,559 -7.2


Note: North Eastern Alberta data are now included in figures for Edmonton (Board Total).Note: Data for Lloydminster have been revised whereby it is split along provincial lines beginning in the year 2000. Aggregations for Alberta, Saskatchewan, and Lloydminster are not directly comparable before and after the year 2000 as a result.


Residential


Alberta

Total1


January 2017


percentage change


percentage change


percentage change


percentage change

Battlefords 2,457.5 2,201.3 11.6 13 17 -23.5 189,038 129,488 46.0 69 52 32.7Lloydminster (SK) 7,272.3 842.0 763.7 17 4 325.0 427,782 210,500 103.2 51 47 8.5Moose Jaw 7,684.3 7,340.0 4.7 34 36 -5.6 226,009 203,888 10.8 142 111 27.9Prince Albert 10,742.7 9,195.1 16.8 34 34 0.0 315,961 270,445 16.8 111 121 -8.3Regina 53,792.1 54,570.0 -1.4 180 175 2.9 298,845 311,828 -4.2 564 497 13.5Saskatoon 82,806.3 83,280.9 -0.6 249 232 7.3 332,555 358,969 -7.4 1,042 984 5.9Southeast Saskatchewan 5,863.5 7,416.5 -20.9 24 30 -20.0 244,311 247,217 -1.2 161 162 -0.6Swift Current 6,219.3 2,327.0 167.3 25 13 92.3 248,771 179,000 39.0 86 78 10.3Yorkton District 10,442.7 9,499.1 9.9 43 49 -12.2 242,852 193,858 25.3 115 133 -13.5Saskatchewan 187,280.5 176,671.8 6.0 619 590 4.9 302,553 299,444 1.0 2,341 2,185 7.1


percentage change


percentage change


percentage change


percentage change

Battlefords 2,457.5 2,201.3 11.6 13 17 -23.5 189,038 129,488 46.0 64 47 36.2Lloydminster (SK) 3,562.3 827.0 330.7 14 3 366.7 254,450 275,667 -7.7 43 41 4.9Moose Jaw 7,684.3 7,340.0 4.7 34 36 -5.6 226,009 203,888 10.8 123 101 21.8Prince Albert 7,446.8 5,909.9 26.0 30 26 15.4 248,226 227,302 9.2 85 89 -4.5Regina 49,985.4 54,022.0 -7.5 168 174 -3.4 297,532 310,471 -4.2 511 480 6.5Saskatoon 79,423.7 75,475.9 5.2 237 219 8.2 335,121 344,639 -2.8 977 932 4.8Southeast Saskatchewan 5,659.0 6,594.0 -14.2 22 25 -12.0 257,226 263,760 -2.5 131 136 -3.7Swift Current 5,019.3 2,327.0 115.7 23 13 76.9 218,228 179,000 21.9 67 74 -9.5Yorkton District 5,920.7 5,992.7 -1.2 38 39 -2.6 155,807 153,658 1.4 95 105 -9.5Saskatchewan 167,158.9 160,689.6 4.0 579 552 4.9 288,703 291,104 -0.8 2,096 2,005 4.5


Note: Data for Lloydminster have been revised whereby it is split along provincial lines beginning in the year 2000. Aggregations for Alberta, Saskatchewan, and Lloydminster are not directly comparable before and after the year 2000 as a result.


Residential


Saskatchewan

Total1


January 2017


percentage change


percentage change


percentage change


percentage change

Brandon 18,368.3 11,791.8 55.8 74 65 13.8 248,220 181,413 36.8 228 282 -19.1Portage La Prairie 4,132.1 3,706.5 11.5 20 14 42.9 206,605 264,750 -22.0 28 55 -49.1Thompson 0.0 768.0 -100.0 0 4 -100.0 0 192,000 0.0 5 13 -61.5Winnipeg 153,239.4 148,995.2 2.8 561 571 -1.8 273,154 260,937 4.7 1,502 1,519 -1.1Manitoba 175,739.8 165,261.5 6.3 655 654 0.2 268,305 252,693 6.2 1,763 1,869 -5.7


percentage change


percentage change


percentage change


percentage change

Brandon 15,927.3 11,236.1 41.8 67 56 19.6 237,720 200,645 18.5 189 245 -22.9Portage La Prairie 4,111.6 2,156.5 90.7 19 12 58.3 216,400 179,708 20.4 22 46 -52.2Thompson 0.0 768.0 -100.0 0 4 -100.0 0 192,000 0.0 4 13 -69.2Winnipeg 145,543.1 144,771.4 0.5 534 530 0.8 272,553 273,154 -0.2 1,320 1,333 -1.0Manitoba 165,582.0 158,932.0 4.2 620 602 3.0 267,068 264,007 1.2 1,535 1,637 -6.2



Residential


Manitoba

Total1


January 2017


percentage change


percentage change


percentage change


percentage change

Bancroft District 2,203.7 4,043.2 -45.5 15 24 -37.5 146,913 168,467 -12.8 39 78 -50.0Barrie & District 137,420.5 86,927.0 58.1 278 235 18.3 494,318 369,902 33.6 530 590 -10.2Brantford Region 49,135.5 44,433.7 10.6 124 141 -12.1 396,254 315,133 25.7 212 236 -10.2Cambridge 47,930.3 47,589.3 0.7 110 126 -12.7 435,730 377,693 15.4 180 260 -30.8Chatham-Kent 12,404.8 10,269.8 20.8 74 64 15.6 167,632 160,465 4.5 148 224 -33.9Cornwall & District 11,631.8 13,393.8 -13.2 64 72 -11.1 181,747 186,024 -2.3 255 305 -16.4Durham Region 346,591.2 212,010.6 63.5 576 481 19.8 601,721 440,771 36.5 709 739 -4.1Grey Bruce Owen Sound 43,723.0 36,943.7 18.4 160 150 6.7 273,269 246,291 11.0 318 332 -4.2Guelph & District 109,468.2 79,450.8 37.8 217 182 19.2 504,462 436,543 15.6 319 338 -5.6Hamilton-Burlington & District 432,976.9 325,924.2 32.8 827 732 13.0 523,551 445,252 17.6 997 1,123 -11.2Huron Perth 43,017.8 33,728.4 27.5 129 109 18.3 333,471 309,435 7.8 150 194 -22.7Kawartha Lakes (Lindsay) 21,257.0 12,921.0 64.5 67 46 45.7 317,269 280,892 13.0 110 134 -17.9Kingston & Area 50,584.1 48,976.5 3.3 166 168 -1.2 304,724 291,527 4.5 595 786 -24.3Kitchener-Waterloo 147,044.0 117,158.5 25.5 329 329 0.0 446,942 356,105 25.5 490 765 -35.9London & St. Thomas 197,293.9 142,230.7 38.7 645 500 29.0 305,882 284,461 7.5 1,132 1,313 -13.8Mississauga 356,487.9 280,219.3 27.2 509 514 -1.0 700,369 545,174 28.5 678 913 -25.7Muskoka Haliburton Orillia 69,046.1 45,665.4 51.2 192 183 4.9 359,615 249,538 44.1 393 460 -14.6Niagara Falls-Fort Erie 51,375.0 34,825.8 47.5 154 132 16.7 333,604 263,832 26.4 211 206 2.4North Bay 16,487.0 14,250.3 15.7 71 72 -1.4 232,211 197,920 17.3 232 252 -7.9Northumberland Hills 29,575.8 16,309.1 81.3 80 55 45.5 369,697 296,529 24.7 110 114 -3.5Oakville-Milton 220,419.6 173,996.7 26.7 233 214 8.9 946,007 813,069 16.4 349 406 -14.0Orangeville & District 14,842.6 11,277.3 31.6 29 29 0.0 511,814 388,872 31.6 38 48 -20.8Ottawa 270,349.0 228,212.6 18.5 718 646 11.1 376,531 353,270 6.6 1,920 2,056 -6.6Parry Sound 4,685.0 5,111.9 -8.4 20 24 -16.7 234,250 212,996 10.0 64 83 -22.9Peterborough 50,324.8 37,502.2 34.2 156 131 19.1 322,595 286,277 12.7 280 317 -11.7Quinte & District 45,954.6 37,970.3 21.0 176 160 10.0 261,106 237,315 10.0 445 502 -11.4Renfrew County 11,588.3 13,251.4 -12.6 56 71 -21.1 206,934 186,639 10.9 189 242 -21.9Rideau-St. Lawrence 18,595.5 10,187.8 82.5 69 55 25.5 269,500 185,233 45.5 144 149 -3.4Sarnia-Lambton 27,959.9 27,129.0 3.1 116 110 5.5 241,034 246,628 -2.3 285 235 21.3Sault Ste. Marie 10,589.4 8,939.9 18.5 63 64 -1.6 168,086 139,687 20.3 200 193 3.6Simcoe & District 18,303.0 7,783.1 135.2 59 27 118.5 310,221 288,263 7.6 84 110 -23.6Southern Georgian Bay (Eastern District) 15,083.9 15,305.0 -1.4 58 62 -6.5 260,067 246,855 5.4 108 163 -33.7

Southern Georgian Bay (Western District) 54,297.8 38,012.8 42.8 111 106 4.7 489,170 358,612 36.4 169 249 -32.1

St. Catharines & District 90,083.8 52,668.4 71.0 238 187 27.3 378,504 281,649 34.4 304 346 -12.1Sudbury 32,456.8 26,142.4 24.2 119 120 -0.8 272,746 217,853 25.2 441 388 13.7Thunder Bay 19,531.1 17,975.1 8.7 101 96 5.2 193,377 187,241 3.3 204 219 -6.8Tillsonburg District 9,683.6 9,593.9 0.9 35 42 -16.7 276,674 228,426 21.1 61 98 -37.8Timmins 9,189.5 10,354.1 -11.2 56 76 -26.3 164,098 136,238 20.4 200 217 -7.8Greater Toronto† 3,998,625.6 2,948,460.5 35.6 5,188 4,672 11.0 770,745 631,092 22.1 7,338 8,957 -18.1Welland District 34,485.6 23,213.9 48.6 117 104 12.5 294,749 223,210 32.0 147 121 21.5Windsor-Essex 107,538.5 87,318.9 23.2 462 401 15.2 232,767 217,753 6.9 813 728 11.7Woodstock-Ingersoll 35,232.6 20,020.7 76.0 109 78 39.7 323,235 256,675 25.9 125 166 -24.7York Region 1,014,499.3 740,921.4 36.9 975 921 5.9 1,040,512 804,475 29.3 1,446 1,658 -12.8Ontario 6,557,553.1 4,914,192.0 33.4 11,962 10,766 11.1 548,199 456,455 20.1 20,291 23,655 -14.2


Note: Brampton, Durham, Mississauga, Orangeville and York Region MLS® data are included in figures for Greater Toronto, but excluded from totals for Ontario.Source: The Canadian Real Estate Association

Ontario

Total1


January 2017


percentage change


percentage change


percentage change


percentage change

Bancroft District 1,810.8 3,499.8 -48.3 12 17 -29.4 150,899 205,871 -26.7 24 27 -11.1Barrie & District 122,893.7 81,844.7 50.2 257 224 14.7 478,186 365,378 30.9 432 480 -10.0Brantford Region 45,632.5 41,276.2 10.6 118 129 -8.5 386,716 319,971 20.9 173 202 -14.4Cambridge 43,162.3 39,295.3 9.8 103 118 -12.7 419,052 333,011 25.8 162 227 -28.6Chatham-Kent 11,012.3 8,732.6 26.1 65 57 14.0 169,420 153,204 10.6 104 169 -38.5Cornwall & District 10,643.8 10,869.3 -2.1 56 62 -9.7 190,068 175,310 8.4 182 223 -18.4Durham Region 346,591.2 212,010.6 63.5 576 481 19.8 601,721 440,771 36.5 709 739 -4.1Grey Bruce Owen Sound 26,485.7 28,397.4 -6.7 104 120 -13.3 254,670 236,645 7.6 223 226 -1.3Guelph & District 97,046.3 69,736.1 39.2 204 175 16.6 475,717 398,492 19.4 300 311 -3.5Hamilton-Burlington & District 405,676.4 313,064.0 29.6 786 700 12.3 516,128 447,234 15.4 911 1,015 -10.2Huron Perth 29,174.2 26,272.6 11.0 105 93 12.9 277,850 282,501 -1.6 120 141 -14.9Kawartha Lakes (Lindsay) 20,165.8 10,616.0 90.0 59 38 55.3 341,793 279,370 22.3 82 100 -18.0Kingston & Area 47,391.7 41,172.1 15.1 151 148 2.0 313,852 278,190 12.8 454 578 -21.5Kitchener-Waterloo 130,978.0 109,264.8 19.9 311 309 0.6 421,151 353,608 19.1 428 674 -36.5London & St. Thomas 169,890.0 127,514.7 33.2 589 472 24.8 288,438 270,158 6.8 964 1,091 -11.6Mississauga 356,487.9 280,219.3 27.2 509 514 -1.0 700,369 545,174 28.5 678 913 -25.7Muskoka Haliburton Orillia 55,510.7 37,676.1 47.3 140 137 2.2 396,505 275,008 44.2 227 306 -25.8Niagara Falls-Fort Erie 43,507.1 32,162.8 35.3 134 120 11.7 324,680 268,023 21.1 170 162 4.9North Bay 15,491.6 12,389.0 25.0 64 58 10.3 242,056 213,603 13.3 172 181 -5.0Northumberland Hills 22,636.4 14,371.1 57.5 61 47 29.8 371,088 305,768 21.4 73 81 -9.9Oakville-Milton 216,529.6 170,699.7 26.8 230 211 9.0 941,433 809,003 16.4 338 391 -13.6Orangeville & District 14,842.6 11,277.3 31.6 29 29 0.0 511,814 388,872 31.6 38 48 -20.8Ottawa 258,729.9 215,097.6 20.3 682 603 13.1 379,369 356,712 6.4 1,697 1,870 -9.3Parry Sound 4,188.0 4,054.4 3.3 17 14 21.4 246,353 289,600 -14.9 43 48 -10.4Peterborough 44,803.5 33,681.9 33.0 137 113 21.2 327,033 298,069 9.7 188 227 -17.2Quinte & District 38,639.4 30,251.3 27.7 151 142 6.3 255,890 213,038 20.1 313 370 -15.4Renfrew County 11,228.8 11,719.6 -4.2 51 58 -12.1 220,173 202,062 9.0 152 206 -26.2Rideau-St. Lawrence 15,787.4 9,289.1 70.0 58 47 23.4 272,197 197,641 37.7 115 128 -10.2Sarnia-Lambton 24,525.0 24,692.5 -0.7 111 105 5.7 220,946 235,167 -6.0 198 194 2.1Sault Ste. Marie 7,969.4 8,682.2 -8.2 57 57 0.0 139,815 152,319 -8.2 168 155 8.4Simcoe & District 14,337.9 6,958.1 106.1 50 26 92.3 286,758 267,619 7.2 57 76 -25.0Southern Georgian Bay (Eastern District) 12,804.2 15,111.6 -15.3 42 58 -27.6 304,862 260,545 17.0 74 120 -38.3

Southern Georgian Bay (Western District) 40,348.4 34,670.2 16.4 86 96 -10.4 469,168 361,148 29.9 124 195 -36.4

St. Catharines & District 78,431.8 47,462.6 65.2 222 171 29.8 353,297 277,559 27.3 257 279 -7.9Sudbury 27,671.8 23,109.0 19.7 106 102 3.9 261,054 226,559 15.2 319 297 7.4Thunder Bay 18,419.8 16,922.7 8.8 90 89 1.1 204,665 190,143 7.6 174 174 0.0Tillsonburg District 7,203.5 9,419.0 -23.5 28 39 -28.2 257,266 241,513 6.5 35 71 -50.7Timmins 6,714.5 9,337.8 -28.1 47 63 -25.4 142,862 148,219 -3.6 181 184 -1.6Greater Toronto† 3,998,625.6 2,948,460.5 35.6 5,188 4,672 11.0 770,745 631,092 22.1 7,338 8,957 -18.1Welland District 30,638.7 19,219.7 59.4 96 77 24.7 319,153 249,606 27.9 108 93 16.1Windsor-Essex 86,264.5 74,233.1 16.2 404 362 11.6 213,526 205,064 4.1 633 585 8.2Woodstock-Ingersoll 34,152.6 18,500.8 84.6 105 73 43.8 325,263 253,435 28.3 117 121 -3.3York Region 1,014,499.3 740,921.4 36.9 975 921 5.9 1,040,512 804,475 29.3 1,446 1,658 -12.8Ontario 6,277,123.6 4,739,728.2 32.4 11,277 10,202 10.5 556,631 464,588 19.8 17,830 20,935 -14.8

* in thousands of dollars

Note: Brampton, Durham, Mississauga, Orangeville and York Region MLS® data are included in figures for Greater Toronto, but excluded from totals for Ontario.Source: The Canadian Real Estate Association

Ontario

Residential


January 2017


percentage change


percentage change


percentage change


percentage change

Gatineau (CMA) n/a n/a - n/a n/a - n/a n/a - n/a n/a -Montreal (CMA) n/a n/a - n/a n/a - n/a n/a - n/a n/a -Québec (CMA) n/a n/a - n/a n/a - n/a n/a - n/a n/a -Saguenay (CMA) n/a n/a - n/a n/a - n/a n/a - n/a n/a -Sherbrooke (CMA) n/a n/a - n/a n/a - n/a n/a - n/a n/a -Trois-Rivières (CMA) n/a n/a - n/a n/a - n/a n/a - n/a n/a -All other areas n/a n/a - n/a n/a - n/a n/a - n/a n/a -Quebec 1,362,713.9 1,239,704.8 9.9 4,882 4,535 7.7 n/a n/a - 14,839 15,962 -7.0


percentage change


percentage change


percentage change


percentage change

Gatineau (CMA) n/a n/a - n/a n/a - n/a n/a - n/a n/a -Montreal (CMA) n/a n/a - n/a n/a - n/a n/a - n/a n/a -Québec (CMA) n/a n/a - n/a n/a - n/a n/a - n/a n/a -Saguenay (CMA) n/a n/a - n/a n/a - n/a n/a - n/a n/a -Sherbrooke (CMA) n/a n/a - n/a n/a - n/a n/a - n/a n/a -Trois-Rivières (CMA) n/a n/a - n/a n/a - n/a n/a - n/a n/a -All other areas n/a n/a - n/a n/a - n/a n/a - n/a n/a -Quebec 1,252,487.8 1,136,682.6 10.2 4,566 4,252 7.4 283,984 272,998 4.0 13,566 14,614 -7.2


†Provincial weighted residential (nsa) average price for Quebec (provided by Québec Federation of Real Estate Boards); does not affect weighted and unweighted national average price calculations. Information on Quebec's weighted average price calculation can be found at: http://www.fciq.ca/pdf/Carrefour/definitions/en/prix_moyen_pondere_a.pdf

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 2000 are not directly comparable with earlier years.Source: The Canadian Real Estate Association

Residential

Dollar Volume* Unit Sales Average Price† New Listings

Quebec

Total1


January 2017


percentage change


percentage change


percentage change


percentage change

Fredericton Area 19,098.9 17,469.8 9.3 107 112 -4.5 178,494 155,980 14.4 532 464 14.7Moncton 19,320.9 22,593.6 -14.5 123 146 -15.8 157,081 154,751 1.5 375 468 -19.9Northern New Brunswick 4,434.2 4,841.4 -8.4 43 61 -29.5 103,120 79,367 29.9 128 90 42.2Saint John 21,019.5 13,456.7 56.2 136 86 58.1 154,555 156,474 -1.2 533 535 -0.4New Brunswick 63,873.4 58,361.4 9.4 409 405 1.0 156,170 144,102 8.4 1,568 1,557 0.7


percentage change


percentage change


percentage change


percentage change

Fredericton Area 15,665.2 16,563.3 -5.4 90 100 -10.0 174,058 165,633 5.1 315 324 -2.8Moncton 18,456.9 21,773.8 -15.2 111 132 -15.9 166,279 164,953 0.8 305 382 -20.2Northern New Brunswick 3,749.5 4,167.9 -10.0 35 56 -37.5 107,129 74,426 43.9 94 69 36.2Saint John 18,546.2 11,839.2 56.7 113 73 54.8 164,126 162,181 1.2 376 382 -1.6New Brunswick 56,417.8 54,344.1 3.8 349 361 -3.3 161,656 150,538 7.4 1,090 1,157 -5.8



Residential


New Brunswick

Total1


January 2017


percentage change


percentage change


percentage change


percentage change

Annapolis Valley 8,450.3 10,036.5 -15.8 62 64 -3.1 136,295 156,821 -13.1 239 240 -0.4Cape Breton 4,744.9 3,697.7 28.3 40 34 17.6 118,623 108,754 9.1 114 204 -44.1Halifax-Dartmouth 67,109.2 72,019.9 -6.8 251 273 -8.1 267,367 263,809 1.3 781 789 -1.0Highland 2,063.8 2,974.9 -30.6 15 24 -37.5 137,585 123,954 11.0 61 98 -37.8Northern Nova Scotia 7,447.9 6,759.1 10.2 67 65 3.1 111,163 103,986 6.9 212 195 8.7South Shore 9,977.3 6,275.0 59.0 76 51 49.0 131,281 123,039 6.7 216 187 15.5Yarmouth 1,512.9 2,302.0 -34.3 17 19 -10.5 88,991 121,158 -26.5 38 33 15.2Nova Scotia 101,306.3 104,065.1 -2.7 528 530 -0.4 191,868 196,349 -2.3 1,661 1,746 -4.9


percentage change


percentage change


percentage change


percentage change

Annapolis Valley 6,919.4 8,457.4 -18.2 50 50 0.0 138,388 169,149 -18.2 159 178 -10.7Cape Breton 4,487.9 3,379.7 32.8 37 30 23.3 121,295 112,655 7.7 81 141 -42.6Halifax-Dartmouth 62,065.5 66,914.2 -7.2 234 253 -7.5 265,237 264,483 0.3 632 687 -8.0Highland 1,917.7 2,625.9 -27.0 12 18 -33.3 159,806 145,883 9.5 36 61 -41.0Northern Nova Scotia 5,561.3 6,102.2 -8.9 47 58 -19.0 118,325 105,211 12.5 162 155 4.5South Shore 8,994.0 5,696.0 57.9 56 38 47.4 160,608 149,895 7.1 121 114 6.1Yarmouth 1,311.4 2,202.0 -40.4 14 17 -17.6 93,668 129,529 -27.7 24 28 -14.3Nova Scotia 91,257.1 95,377.4 -4.3 450 464 -3.0 202,794 205,555 -1.3 1,215 1,364 -10.9



Residential


Nova Scotia

Total1


January 2017


percentage change


percentage change


percentage change


percentage change

Prince Edward Island 20,110.2 16,592.3 21.2 112 100 12.0 179,555 165,923 8.2 292 456 -36.0


percentage change


percentage change


percentage change


percentage change

Prince Edward Island 15,436.2 11,308.5 36.5 82 76 7.9 188,246 148,796 26.5 177 278 -36.3

January 2017


percentage change


percentage change


percentage change


percentage change

Newfoundland & Labrador 36,369.9 40,506.8 -10.2 151 163 -7.4 240,860 248,508 -3.1 873 862 1.3


percentage change


percentage change


percentage change


percentage change

Newfoundland & Labrador 36,369.9 40,506.8 -10.2 151 163 -7.4 240,860 248,508 -3.1 873 862 1.3



ResidentialDollar Volume* Unit Sales Average Price New Listings

Newfoundland & Labrador

Total1Dollar Volume* Unit Sales Average Price New Listings


Prince Edward Island


January 2017


percentage change


percentage change


percentage change


percentage change

Yukon 11,987.3 4,686.6 155.8 34 15 126.7 352,568 312,440 12.8 37 53 -30.2


percentage change


percentage change


percentage change


percentage change

Yukon 10,667.3 4,686.6 127.6 32 15 113.3 333,353 312,440 6.7 29 50 -42.0

January 2017


percentage change


percentage change


percentage change


percentage change

Northwest Territories 3,418.9 2,407.0 42.0 10 7 42.9 341,890 343,856 -0.6 24 30 -20.0


percentage change


percentage change


percentage change


percentage change

Northwest Territories 3,418.9 2,407.0 42.0 10 7 42.9 341,890 343,856 -0.6 21 29 -27.6




Northwest Territories



Yukon


Documents

The Canadian Real Estate Association News Releasenormfisher.com/pdfreports/crea_01_2017.pdf · The trademarks MLS ®, Multiple Listing Service and the associated logos are owned by