National MLS® Report (HPI) - Feb 2016

Transcription

The Canadian Real Estate Association
News Release
Canadian home sales rebound in January
Ottawa, ON, February 16, 2016
According to statistics1 released today by The Canadian Real Estate Association (CREA), national home sales
rebounded in January 2016 compared to the previous month.
Highlights:
•National home sales edged up by 0.5% from December to January.
•Actual (not seasonally adjusted) activity was up 8% compared to January 2015.
•The number of newly listed homes retreated by 4.9% from December to January.
•The Canadian housing market has tightened but remains balanced overall.
•The MLS® Home Price Index (HPI) rose 7.7% year-over-year in January.
•The national average sale price rose 17% on a year-over-year basis in January; however, excluding British
Columbia and Ontario, it edged down 0.3%.
The number of homes trading hands via
MLS® Systems of Canadian real estate
Boards and Associations edged up by
0.5 percent in January 2016 compared
to December of last year. The monthly
increase lifted national sales activity to the
highest level since late 2009 (Chart A).
Chart A
The number of local housing markets was
almost equally split between those where
sales were up from the month before, and
those where sales were down. Monthly sales
increases in the Greater Toronto Area (GTA)
and Lower Mainland of British Columbia
fuelled the national sales increase and
offset monthly sales declines in Calgary,
Edmonton and the Okanagan Region.
* Data table available to media upon request, for purposes of reprinting only.
“Single family home buyers in the GTA
and Lower Mainland of British Columbia had been expected to bring forward their purchase decisions before
tightened mortgage regulations take effect in February 2016,” said CREA President Pauline Aunger. “If listings
in these and nearby markets were not in such short supply, January sales activity would likely have reached
even greater heights. Meanwhile, other major urban housing markets have an ample supply of listings,
particularly where some home buyers have become increasingly cautious amid an uncertain job market
outlook. 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.”
“January 2016 picked up where 2015 left off, with single family homes in the GTA and Greater Vancouver
in short supply amid strong demand standing in contrast to sidelined home buyers and ample supply in
a number of Alberta housing markets,” said Gregory Klump, CREA’s Chief Economist. “Tighter mortgage
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.
1
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
regulations that take effect in February may shrink the pool of prospective home buyers who qualify for
mortgage financing and cause national sales activity to ease in the months ahead.”
Actual (not seasonally adjusted) sales activity rose eight percent on a year-over-year basis in January 2016 and
stood 2.6 percent above the 10-year average for the month of January. Activity was up compared to January
2015 among roughly two-thirds of all local markets. B.C.’s Lower Mainland and the GTA again contributed most
to the national increase.
The number of newly listed homes fell by 4.9 percent in January compared to December which more than
reversed monthly gains that were posted in the final two months of 2015. Canada’s largest urban housing
markets contributed to the monthly decline in new listings, including the Lower Mainland of British Columbia,
Calgary, Edmonton, the GTA, Hamilton-Burlington, Ottawa and Montreal.
The national sales-to-new listings ratio rose to 59.2 percent in January due to the drop in the new supply of
listings, January's reading was the ratio's highest since November 2009. A sales-to-new listings ratio between
40 and 60 percent is generally consistent with balanced housing market conditions, with readings below and
above this range indicating buyers’ and sellers’ markets respectively.
The ratio was within this range in about
45 percent of all local housing markets in
January. A little over one-third of all local
housing markets recorded a ratio above
60 percent; as in recent months, virtually
all these housing markets are located in
British Columbia and Ontario.
Chart B
The number of months of inventory is
another important measure of the balance
between housing supply and demand.
It represents the number of months it
would take to completely liquidate current
inventories at the current rate of sales
activity.
There were 5.3 months of inventory on a
national basis at the end of January 2016,
down from 5.4 months at the end of last
year and the lowest level in nearly six
* Data table available to media upon request, for purposes of reprinting only.
years. The national figure is being pulled
lower by increasingly tighter housing
markets in B.C. and Ontario. This is particularly true in the Lower Mainland of British Columbia, the GTA and
Hamilton-Burlington, where months of inventory are currently sitting at or below two months.
The Aggregate Composite MLS® HPI rose by 7.73 percent on a year-over-year basis in January – the largest
gain in more than five years. Year-over-year price growth accelerated for two-storey single family homes and
apartment units. (Chart B)
2
Two-storey single family homes continue to post the biggest year-over-year price gains (+9.97 percent),
followed by one-storey single family homes (+6.86 percent), townhouse/row units (+6.46 percent) and
apartment units (+5.16 percent).
Year-over-year price growth continued to range widely among housing markets tracked by the index. Greater
Vancouver (+20.56 percent) and the Fraser Valley (+16.94 percent) posted the largest gains, followed by
Greater Toronto (+10.69 percent).
Home prices in Victoria posted a year-over-year gain of just over seven percent while Vancouver Island home
prices rose by five-and-a-half percent.
By contrast, home prices retreated by about three percent on a year-over-year basis in Calgary, by about two
percent in Saskatoon, and by less than one percent in Regina. While home prices have begun to decline in
Calgary and Saskatoon only fairly recently, they have been trending lower in Regina since early 2014.
Prices crept higher on a year-over-year basis in Ottawa (+1.10 percent), rose modestly in Greater Montreal
(+1.48 percent) and strengthened further in Greater Moncton (+6.57 percent). (Table 1)
The MLS® Home Price Index (MLS® HPI) provides a better gauge of price trends than is possible using
averages because it is not affected by changes in the mix of sales activity the way that average price is.
The actual (not seasonally adjusted) national average price for homes sold in January 2016 was $470,297, up
17.0 percent on a year-over-year basis.
The national average price continues to be pulled upward by sales activity in Greater Vancouver and Greater
Toronto, which are among Canada’s most active and expensive housing markets. If these two housing markets
are excluded from calculations, the average is a more modest $338,392 and the year-over-year gain is reduced
to eight percent.
Even then, the gain reflects a tug of war between strong average price gains in housing markets around the
GTA and the Lower Mainland of British Columbia versus flat or declining average prices elsewhere in Canada.
If British Columbia and Ontario are excluded from calculations, the average price slips even lower to $286,911,
representing small a decline of 0.3 percent year-over-year.
3
Table 1
MLS® Home Price Index Benchmark Price
Composite HPI:
January
2016
Aggregate
Percentage Change vs.
1 month
ago
3 months
ago
6 months
ago
12 months
ago
3 years
ago
5 years
ago
$512,600
0.60
1.32
2.62
7.73
18.71
26.72
Lower Mainland
$681,500
1.80
5.20
10.27
19.60
28.22
32.64
Greater Vancouver
$775,300
1.76
5.24
10.45
20.56
31.58
35.90
Fraser Valley
$505,100
2.05
5.16
9.66
16.94
20.01
24.89
Vancouver Island
$318,700
0.38
0.26
0.45
5.51
9.19
5.16
Victoria
$458,300
0.53
1.28
2.31
7.12
8.90
2.66
Calgary
$444,000
-0.93
-2.03
-2.54
-3.05
14.29
18.98
Regina
$281,600
1.27
0.81
-1.65
-0.68
-7.69
9.72
Saskatoon
$303,100
-0.48
-1.35
-3.40
-2.11
2.07
9.39
Greater Toronto
$578,400
0.74
1.34
2.93
10.69
27.44
42.05
Ottawa
$328,400
0.07
-0.94
-1.93
1.10
1.59
7.06
Greater Montreal
$302,000
-0.25
-0.25
-0.95
1.48
4.04
9.02
Greater Moncton
$159,900
0.67
1.66
6.74
6.57
7.16
8.89
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 www.homepriceindex.ca/hpi_tool_en.html.
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 109,000 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 Relations
The Canadian Real Estate Association
Tel.: 613-237-7111 or 613-884-1460
E-mail: [email protected]
4
National Charts
Chart 1
Chart 2
Chart 3
Chart 4
Chart 5
Chart 6
5
MLS® Home Price Index
6
7
MLS® Home Price Index
8
9
Dollar Volume over MLS® Systems of Select Canadian Real Estate Boards & Associations
January 2016
Total1
Residential
s.a.2
Dollar Volume*
Jan 2016
Fraser Valley
Greater Vancouver
Victoria
Calgary
Edmonton
Regina
Saskatoon
Winnipeg
Hamilton-Burlington
Kitchener-Waterloo
London and St Thomas
Niagara Region
Ottawa
Sudbury
Thunder Bay
†
Greater Toronto
Windsor-Essex
Trois Rivières CMA
Montreal CMA
Gatineau CMA
Quebec CMA
Saguenay CMA
Sherbrooke CMA
Saint John
Halifax-Dartmouth
Newfoundland & Labrador
Canada
*
1,565.9
4,637.9
465.0
834.5
497.1
90.2
150.4
306.9
615.1
210.7
241.3
177.7
459.5
48.0
40.2
5,882.1
136.9
17.2
1,251.7
82.8
161.4
17.6
37.8
25.2
115.2
82.3
21,992.2
Dec 2015
1,374.5
4,265.5
442.3
957.2
566.3
82.1
156.6
272.7
599.1
206.2
264.6
161.6
487.9
48.2
42.3
5,611.3
130.7
17.7
1,220.8
84.5
173.0
16.8
39.1
23.1
110.4
98.5
21,469.3
nsa3
monthly
percentage
change
13.9
8.7
5.1
-12.8
-12.2
9.9
-4.0
12.6
2.7
2.2
-8.8
10.0
-5.8
-0.6
-5.0
4.8
4.7
-2.7
2.5
-2.1
-6.7
4.8
-3.2
8.9
4.3
-16.5
2.4
Jan 2016
884.0
2,833.0
275.0
466.7
264.1
49.5
83.3
149.0
350.0
117.6
142.2
110.7
220.7
26.1
18.0
2,948.5
87.3
13.5
792.4
48.2
118.4
9.7
26.3
13.5
67.4
46.9
12,277.6
Jan 2015
444.4
1,644.1
164.6
553.0
317.6
48.9
87.2
151.6
306.9
107.8
134.5
100.6
224.1
25.4
20.5
2,406.5
60.3
12.4
661.7
41.0
108.7
8.9
23.3
16.4
64.1
61.4
9,795.6
s.a.2
year-over-year
percentage
change
98.9
72.3
67.0
-15.6
-16.8
1.1
-4.4
-1.7
14.0
9.2
5.8
10.0
-1.5
3.0
-12.2
22.5
44.8
9.0
19.7
17.4
8.9
9.3
13.2
-18.1
5.2
-23.5
25.3
Jan 2016
1,521.7
4,647.5
439.7
788.6
455.1
86.2
136.9
304.1
596.5
198.5
230.3
165.5
456.1
43.4
38.1
5,940.7
125.7
14.5
1,156.8
79.6
152.7
16.8
32.1
22.3
111.0
81.9
21,352.6
Dec 2015
1,353.5
4,240.3
403.1
848.9
503.7
79.8
152.6
265.1
577.2
190.3
242.0
156.1
477.2
45.5
35.9
5,614.5
115.9
13.9
1,145.6
81.8
166.6
16.4
38.5
22.3
105.5
95.2
20,644.7
nsa3
monthly
percentage
change
12.4
9.6
9.1
-7.1
-9.6
8.0
-10.3
14.7
3.3
4.3
-4.8
6.1
-4.4
-4.7
6.1
5.8
8.4
4.3
1.0
-2.7
-8.3
2.1
-16.6
0.0
5.3
-14.0
3.4
Jan 2016
Jan 2015
847.5
2,788.1
260.6
440.4
237.6
44.8
75.5
144.8
331.6
108.8
127.5
98.8
216.2
23.1
16.4
2,948.5
74.2
11.6
726.3
44.8
109.9
9.2
23.1
11.8
62.6
45.2
11,710.9
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-residential
Seasonally adjusted
3
Not seasonally adjusted
2
Note: Due to revisions to geographical coverage, statistics for the Kitchener-Waterloo region from 2000 forward are not directly comparable with its statistics for previous years.
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.
Note: Due to a change in data collection methodology, s.a. and nsa data for Kitchener‐Waterloo and Halifax‐Dartmouth (and some other markets not included in the above table) have been revised back to January 2001.
The interplay of local and provincial data influences in the seasonal adjustment process also necessitated revision back to January 2001 for all s.a. data for local markets in the province of Ontario.
Source: The Canadian Real Estate Association
420.3
1,612.1
153.0
508.8
281.5
48.0
84.6
144.9
286.1
84.3
122.5
90.0
221.0
22.4
18.8
2,406.5
51.6
9.2
612.5
37.6
98.7
8.3
21.9
14.3
59.5
56.6
9,269.1
year-over-year
percentage
change
101.6
73.0
70.4
-13.4
-15.6
-6.6
-10.7
-0.1
15.9
29.0
4.1
9.8
-2.2
3.1
-12.5
22.5
43.8
26.6
18.6
19.1
11.3
10.5
5.6
-17.5
5.2
-20.2
26.3
Sales Activity over MLS® Systems of Select Canadian Real Estate Boards & Associations
January 2016
Total1
Residential
s.a.2
Sales Activity
Jan 2016
Fraser Valley
Greater Vancouver
Victoria
Calgary
Edmonton
Regina
Saskatoon
Winnipeg
Hamilton-Burlington
Kitchener-Waterloo
Niagara Region
Ottawa
Sudbury
Thunder Bay
†
Greater Toronto
Windsor-Essex
Trois Rivières CMA
Montreal CMA
Gatineau CMA
Quebec CMA
Saguenay CMA
Sherbrooke CMA
Saint John
Halifax-Dartmouth
Canada
2,317
4,393
860
1,803
1,496
301
442
1,145
1,338
623
838
675
1,268
211
201
8,835
627
100
3,472
334
608
99
159
161
437
330
46,622
Dec 2015
2,115
4,237
712
1,945
1,519
284
460
1,078
1,302
576
892
588
1,317
204
205
8,615
595
97
3,408
338
600
99
188
160
371
392
46,182
nsa3
monthly
percentage
change
9.6
3.7
20.8
-7.3
-1.5
6.0
-3.9
6.2
2.8
8.2
-6.1
14.8
-3.7
3.4
-2.0
2.6
5.4
3.1
1.9
-1.2
1.3
0.0
-15.4
0.6
17.8
-15.8
1.0
Jan 2016
1,338
2,626
539
1,049
777
148
232
571
779
377
500
423
631
120
101
4,672
401
81
2,245
199
474
54
114
86
257
191
26,762
Jan 2015
853
2,016
351
1,222
860
167
255
588
716
305
514
370
651
111
113
4,355
335
75
2,004
183
413
55
105
122
244
225
24,785
s.a.2
year-over-year
percentage
change
56.9
30.3
53.6
-14.2
-9.7
-11.4
-9.0
-2.9
8.8
23.6
-2.7
14.3
-3.1
8.1
-10.6
7.3
19.7
8.0
12.0
8.7
14.8
-1.8
8.6
-29.5
5.3
-15.1
8.0
Jan 2016
2,238
4,335
793
1,699
1,318
298
425
1,071
1,277
557
806
597
1,231
185
178
8,936
579
91
3,345
316
575
93
148
138
412
321
43,916
Dec 2015
2,055
4,129
696
1,854
1,404
272
442
1,010
1,260
514
857
551
1,273
186
176
8,662
553
85
3,288
323
574
96
172
141
362
354
43,707
nsa3
monthly
percentage
change
8.9
5.0
13.9
-8.4
-6.1
9.6
-3.8
6.0
1.3
8.4
-6.0
8.3
-3.3
-0.5
1.1
3.2
4.7
7.1
1.7
-2.2
0.2
-3.1
-14.0
-2.1
13.8
-9.3
0.5
Jan 2016
Jan 2015
1,268
2,574
497
1,002
700
145
219
530
735
308
472
368
606
102
88
4,672
362
72
2,153
187
452
51
105
73
239
177
24,901
†
1
Seasonally adjusted
3
2
802
1,948
325
1,162
763
163
244
554
685
260
487
335
632
97
101
4,355
305
63
1,922
172
384
51
95
100
223
200
23,054
year-over-year
percentage
change
58.1
32.1
52.9
-13.8
-8.3
-11.0
-10.2
-4.3
7.3
18.5
-3.1
9.9
-4.1
5.2
-12.9
7.3
18.7
14.3
12.0
8.7
17.7
0.0
10.5
-27.0
7.2
-11.5
8.0
New Listings over MLS® Systems of Select Canadian Real Estate Boards & Associations
January 2016
Total1
Residential
s.a.2
New Listings
Jan 2016
Fraser Valley
Greater Vancouver
Victoria
Calgary
Edmonton
Regina
Saskatoon
Winnipeg
Hamilton-Burlington
Kitchener-Waterloo
Niagara Region
Ottawa
Sudbury
Thunder Bay
†
Greater Toronto
Windsor-Essex
Trois Rivières CMA
Montreal CMA
Gatineau CMA
Quebec CMA
Saguenay CMA
Sherbrooke CMA
Saint John
Halifax-Dartmouth
Canada
2,577
5,035
1,042
4,218
3,672
672
1,224
2,144
1,602
917
1,608
787
2,710
546
351
13,196
837
183
6,855
711
1,329
281
365
525
897
1,204
83,664
Dec 2015
2,893
5,237
1,106
4,903
3,786
669
1,297
2,047
1,721
957
1,603
949
2,934
585
437
13,697
958
189
7,177
936
1,373
211
368
497
994
1,052
87,514
nsa3
monthly
percentage
change
-10.9
-3.9
-5.8
-14.0
-3.0
0.4
-5.6
4.7
-6.9
-4.2
0.3
-17.1
-7.6
-6.7
-19.7
-3.7
-12.6
-3.2
-4.5
-24.0
-3.2
33.2
-0.8
5.6
-9.8
14.4
-4.4
Jan 2016
2,510
4,782
934
3,854
3,079
507
984
1,519
1,249
910
1,313
673
1,974
388
227
8,957
728
207
7,986
665
1,464
277
392
535
791
1,096
71,769
Jan 2015
2,714
5,121
1,027
4,503
3,102
581
1,078
1,555
1,459
1,026
1,405
794
2,196
384
247
9,596
840
262
8,360
766
1,453
236
354
570
1,057
1,078
77,429
s.a.2
year-over-year
percentage
change
-7.5
-6.6
-9.1
-14.4
-0.7
-12.7
-8.7
-2.3
-14.4
-11.3
-6.5
-15.2
-10.1
1.0
-8.1
-6.7
-13.3
-21.0
-4.5
-13.2
0.8
17.4
10.7
-6.1
-25.2
1.7
-7.3
Jan 2016
2,317
4,750
902
3,833
3,193
631
1,147
1,935
1,452
758
1,367
649
2,598
436
275
13,201
716
164
6,448
655
1,197
212
308
394
807
979
74,168
Dec 2015
2,672
5,069
998
4,516
3,484
625
1,262
1,847
1,586
796
1,371
858
2,758
405
276
13,710
713
176
6,635
863
1,227
198
321
379
853
874
78,021
nsa3
monthly
percentage
change
-13.3
-6.3
-9.6
-15.1
-8.4
1.0
-9.1
4.8
-8.4
-4.8
-0.3
-24.4
-5.8
7.7
-0.4
-3.7
0.4
-6.8
-2.8
-24.1
-2.4
7.1
-4.0
4.0
-5.4
12.0
-4.9
Jan 2016
Jan 2015
2,266
4,570
811
3,496
2,667
478
932
1,333
1,111
719
1,091
534
1,869
297
164
8,957
585
193
7,627
617
1,349
224
344
382
685
867
63,011
†
1
Seasonally adjusted
3
2
2,327
4,887
916
4,132
2,622
540
1,012
1,366
1,328
831
1,223
644
2,043
287
194
9,596
688
228
7,939
706
1,349
218
335
421
906
885
68,270
year-over-year
percentage
change
-2.6
-6.5
-11.5
-15.4
1.7
-11.5
-7.9
-2.4
-16.3
-13.5
-10.8
-17.1
-8.5
3.5
-15.5
-6.7
-15.0
-15.4
-3.9
-12.6
0.0
2.8
2.7
-9.3
-24.4
-2.0
-7.7
Average Sale Price over MLS® Systems of Select Canadian Real Estate Boards & Associations
January 2016
Total1
Residential
s.a.2
Average Price*
Jan 2016
Fraser Valley
Greater Vancouver
Victoria
Calgary
Edmonton
Regina
Saskatoon
Winnipeg
Hamilton-Burlington
Kitchener-Waterloo
Niagara Region
Ottawa
Sudbury
Thunder Bay
†
Greater Toronto
Windsor-Essex
Trois Rivières CMA
Montreal CMA
Gatineau CMA
Quebec CMA
Saguenay CMA
Sherbrooke CMA
Saint John
Halifax-Dartmouth
Canada
679,787
1,052,613
527,079
455,270
348,029
347,186
362,707
270,885
456,684
322,051
289,005
260,036
361,302
228,075
195,912
655,884
225,826
166,390
367,657
247,318
251,973
179,582
241,650
156,474
266,454
247,048
470,913
Dec 2015
644,958
1,004,144
633,329
478,053
374,072
282,047
355,791
244,984
456,476
352,971
276,402
271,194
365,112
229,603
199,174
639,953
206,304
181,995
352,188
238,506
272,636
169,983
219,865
158,221
285,649
247,787
457,935
nsa3
monthly
percentage
change
5.4
4.8
-16.8
-4.8
-7.0
23.1
1.9
10.6
0.0
-8.8
4.6
-4.1
-1.0
-0.7
-1.6
2.5
9.5
-8.6
4.4
3.7
-7.6
5.6
9.9
-1.1
-6.7
-0.3
2.8
Jan 2016
660,720
1,078,820
510,130
444,893
339,932
334,199
358,969
260,937
449,231
311,977
284,461
261,721
349,726
217,853
178,035
631,092
217,753
n/a
n/a
n/a
n/a
n/a
n/a
156,474
262,413
245,697
458,769
Jan 2015
520,955
815,530
469,041
452,575
369,330
292,814
341,776
257,894
428,684
353,293
261,607
271,936
344,243
228,662
181,225
552,575
179,962
n/a
n/a
n/a
n/a
n/a
n/a
134,599
262,658
272,715
395,223
s.a.2
year-over-year
percentage
change
26.8
32.3
8.8
-1.7
-8.0
14.1
5.0
1.2
4.8
-11.7
8.7
-3.8
1.6
-4.7
-1.8
14.2
21.0
16.3
-0.1
-9.9
16.1
Jan 2016
688,281
1,056,934
545,887
450,508
346,757
316,821
347,134
282,256
459,204
360,170
275,822
273,286
367,883
236,097
206,382
655,049
211,637
162,838
347,627
246,282
249,993
183,649
231,160
162,181
266,358
256,589
482,983
Dec 2015
641,991
1,008,798
559,452
457,883
368,706
289,046
351,557
261,212
453,008
363,510
271,454
278,942
372,585
234,186
200,558
639,873
201,822
163,682
348,423
253,286
290,266
171,197
223,597
152,762
288,923
264,463
467,946
nsa3
monthly
percentage
change
7.2
4.8
-2.4
-1.6
-6.0
9.6
-1.3
8.1
1.4
-0.9
1.6
-2.0
-1.3
0.8
2.9
2.4
4.9
0.0
0.0
0.0
0.0
0.0
0.0
6.2
-7.8
-3.0
3.2
Jan 2016
Jan 2015
668,336
1,083,177
524,361
439,552
339,397
309,154
344,639
273,154
451,130
353,108
270,158
268,601
356,696
226,559
186,849
631,092
205,064
162,838
337,894
239,611
245,777
180,398
220,385
162,181
262,027
255,091
470,297
* 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
†
1
Seasonally adjusted
3
2
524,068
827,558
470,693
437,908
368,973
294,488
346,536
261,612
417,700
324,352
251,501
268,670
349,672
231,172
185,976
552,575
169,280
147,959
324,260
222,079
257,864
166,798
231,691
143,466
266,953
283,043
402,059
year-over-year
percentage
change
27.5
30.9
11.4
0.4
-8.0
5.0
-0.5
4.4
8.0
8.9
7.4
0.0
2.0
-2.0
0.5
14.2
21.1
10.1
4.2
7.9
-4.7
8.2
-4.9
13.0
-1.8
-9.9
17.0
Sales as a Percentage of New Listings over MLS® Systems of Select Canadian Real Estate Boards & Associations
January 2016
Total1
Residential
s.a.2
Sales as a Percentage
of New Listings*
Jan 2016
Fraser Valley
Greater Vancouver
Victoria
Calgary
Edmonton
Regina
Saskatoon
Winnipeg
Hamilton-Burlington
Kitchener-Waterloo
Niagara Region
Ottawa
Sudbury
Thunder Bay
†
Greater Toronto
Windsor-Essex
Trois Rivières CMA
Montreal CMA
Gatineau CMA
Quebec CMA
Saguenay CMA
Sherbrooke CMA
Saint John
Halifax-Dartmouth
Canada
89.9
87.2
82.5
42.7
40.7
44.8
36.1
53.4
83.5
67.9
52.1
85.8
46.8
38.6
57.3
67.0
74.9
54.6
50.6
47.0
45.7
35.2
43.6
30.7
48.7
27.4
55.7
nsa3
Dec 2015
73.1
80.9
64.4
39.7
40.1
42.5
35.5
52.7
75.7
60.2
55.6
62.0
44.9
34.9
46.9
62.9
62.1
51.3
47.5
36.1
43.7
46.9
51.1
32.2
37.3
37.3
52.8
monthly change
16.8
6.3
18.1
3.0
0.6
2.3
0.6
0.7
7.8
7.7
-3.5
23.8
1.9
3.7
10.4
4.1
12.8
3.3
3.1
10.9
2.0
‐11.7
-7.5
-1.5
11.4
-9.9
2.9
Jan 2016
70.3
72.8
65.2
54.0
47.8
42.8
36.8
52.6
75.2
59.5
51.4
65.6
45.1
42.1
58.9
63.6
61.0
51.9
48.0
38.7
46.6
40.9
43.5
34.1
43.6
34.1
53.4
Jan 2015
52.1
57.8
52.1
62.9
57.3
43.9
44.3
55.6
70.7
54.8
47.2
55.7
44.1
38.8
61.0
59.3
52.2
48.1
44.5
37.0
46.2
40.2
43.6
31.9
42.0
32.9
50.4
s.a.2
year-over-year
change
18.2
15.0
13.1
‐8.9
-9.5
‐1.1
-7.5
‐3.0
4.5
4.7
4.2
9.9
1.0
3.3
-2.1
4.3
8.8
3.8
3.5
1.7
0.4
0.7
-0.1
2.2
1.6
1.2
3.0
Jan 2016
nsa3
Dec 2015
96.6
91.3
87.9
44.3
41.3
47.2
37.1
55.3
87.9
73.5
59.0
92.0
47.4
42.4
64.7
67.7
80.9
55.5
51.9
48.2
48.0
43.9
48.1
35.0
51.1
32.8
59.2
76.9
81.5
69.7
41.1
40.3
43.5
35.0
54.7
79.4
64.6
62.5
64.2
46.2
45.9
63.8
63.2
77.6
48.3
49.6
37.4
46.8
48.5
53.6
37.2
42.4
40.5
56.0
monthly change
19.7
9.8
18.2
3.2
1.0
3.7
2.1
0.6
8.5
8.9
-3.5
27.8
1.2
‐3.5
0.9
4.5
3.3
7.2
2.3
10.8
1.2
‐4.6
-5.5
-2.2
8.7
-7.7
3.2
Jan 2016
Jan 2015
73.8
74.7
68.7
56.7
50.2
44.0
37.7
55.3
78.1
62.1
56.8
71.3
46.5
48.2
65.4
63.6
69.2
54.9
49.4
40.8
48.6
44.5
45.3
38.8
47.5
38.9
56.6
*Actual (not seasonally adjusted) data for sales-to-new listings ratios are based on a 12-month moving average
†
1
Seasonally adjusted
3
2
55.2
59.3
55.3
67.2
62.0
44.9
45.6
58.2
73.5
57.8
51.9
60.6
45.4
44.9
67.1
59.3
59.3
51.3
45.7
39.1
48.0
43.6
44.8
36.1
45.6
37.0
53.5
year-over-year
change
18.6
15.4
13.4
‐10.5
-11.8
‐0.9
-7.9
‐2.9
4.6
4.3
4.9
10.7
1.1
3.3
-1.7
4.3
9.9
3.6
3.7
1.7
0.6
0.9
0.5
2.7
1.9
1.9
3.1
Dollar Volume & Sales Activity over MLS® Systems of Canadian Real Estate Boards & Associations
January 2016
Total1
Residential
2
nsa3
s.a.
Dollar Volume*
Jan 2016
British Columbia
Alberta
Saskatchewan
Manitoba
Ontario
Quebec
New Brunswick
Nova Scotia
Prince Edward Island
Northwest Territories
Yukon
Canada
7,694.9
1,682.5
316.7
343.9
9,611.7
1,942.8
107.3
169.4
26.7
82.3
5.1
8.9
21,992.2
Dec 2015
7,148.1
1,893.4
311.8
307.8
9,455.0
1,947.7
102.3
162.8
28.2
98.5
7.4
6.4
21,469.3
monthly
percentage
change
Jan 2016
7.6
-11.1
1.6
11.7
1.7
-0.2
4.9
4.0
-5.4
-16.5
-31.5
40.6
2.4
4,549.7
928.8
175.3
165.3
4,984.8
1,249.7
58.4
95.0
16.6
46.9
2.4
4.7
12,277.6
Jan 2015
2,718.1
1,116.4
171.7
165.1
4,302.6
1,086.1
55.5
98.6
15.4
61.4
1.3
3.5
9,795.6
s.a.2
year-over-year
percentage
change
67.4
-16.8
2.1
0.1
15.9
15.1
5.1
-3.6
8.2
-23.5
79.0
34.2
25.3
Jan 2016
7,544.5
1,554.9
285.5
334.9
9,462.3
1,793.8
99.6
160.0
21.2
81.9
5.2
9.0
21,352.6
Dec 2015
7,000.9
1,701.3
293.5
299.9
9,148.2
1,816.6
99.0
153.3
24.4
95.2
6.6
5.9
20,644.7
Total1
Jan 2016
British Columbia
Alberta
Saskatchewan
Manitoba
Ontario
Quebec
New Brunswick
Nova Scotia
Yukon
Canada
*
10,599
4,425
1,103
1,307
20,225
6,881
715
833
164
330
14
26
46,622
Dec 2015
10,214
4,607
1,079
1,241
20,071
6,911
664
786
174
392
20
23
46,182
nsa3
monthly
percentage
change
3.8
-4.0
2.2
5.3
0.8
-0.4
7.7
6.0
-5.7
-15.8
-30.0
13.0
1.0
monthly
percentage
change
7.8
-8.6
-2.7
11.7
3.4
-1.3
0.6
4.4
-13.2
-14.0
-21.6
51.0
3.4
Jan 2016
4,390.2
846.2
152.2
158.9
4,811.1
1,146.3
54.3
87.4
12.1
45.2
2.4
4.7
11,710.9
Jan 2015
2,596.2
1,008.6
159.5
158.3
4,130.2
999.3
51.0
91.9
12.6
56.6
1.3
3.5
9,269.1
year-over-year
percentage
change
69.1
-16.1
-4.6
0.4
16.5
14.7
6.6
-5.0
-3.8
-20.2
79.0
34.2
26.3
Residential
s.a.2
Sales Activity
nsa3
Jan 2016
6,218
2,458
569
654
11,103
4,568
405
479
95
191
7
15
26,762
Jan 2015
4,715
2,865
578
664
10,503
4,197
407
506
107
225
5
13
24,785
s.a.2
year-over-year
percentage
change
31.9
-14.2
-1.6
-1.5
5.7
8.8
-0.5
-5.3
-11.2
-15.1
40.0
15.4
8.0
Jan 2016
10,041
4,040
1,043
1,211
19,222
6,465
645
757
131
321
14
26
43,916
Dec 2015
9,760
4,346
1,012
1,164
19,046
6,504
616
717
147
354
19
22
43,707
nsa3
monthly
percentage
change
2.9
-7.0
3.1
4.0
0.9
-0.6
4.7
5.6
-10.9
-9.3
-26.3
18.2
0.5
Jan 2016
5,831
2,277
528
602
10,323
4,281
361
426
73
177
7
15
24,901
Jan 2015
4,377
2,642
541
627
9,841
3,927
350
452
79
200
5
13
23,054
in millions of dollars
1
Seasonally adjusted
3
2
Note: Due to a change in data collection methodology, s.a. and nsa data for some local markets in Ontario and all local markets in Nova Scotia have been revised back to January 2001.
year-over-year
percentage
change
33.2
-13.8
-2.4
-4.0
4.9
9.0
3.1
-5.8
-7.6
-11.5
40.0
15.4
8.0
New Listings and Average Sale Price over MLS® Systems of Canadian Real Estate Boards & Associations
January 2016
Total1
Residential
s.a.2
New Listings
Jan 2016
British Columbia
Alberta
Saskatchewan
Manitoba
Ontario
Quebec
New Brunswick
Nova Scotia
Yukon
Canada
14,096
11,025
2,868
2,537
32,558
14,977
1,683
2,077
509
1,204
62
68
83,664
Dec 2015
14,868
11,910
2,887
2,399
34,087
15,867
1,788
2,116
469
1,052
22
49
87,514
nsa3
monthly
percentage
change
Jan 2016
-5.2
-7.4
-0.7
5.8
-4.5
-5.6
-5.9
-1.8
8.5
14.4
181.8
38.8
-4.4
12,752
9,766
2,188
1,869
24,303
15,990
1,557
1,728
437
1,096
30
53
71,769
Jan 2015
13,773
10,617
2,308
1,869
27,023
16,587
1,736
1,985
411
1,078
10
32
77,429
s.a.2
year-over-year
percentage
change
-7.4
-8.0
-5.2
0.0
-10.1
-3.6
-10.3
-12.9
6.3
1.7
200.0
65.6
-7.3
Jan 2016
12,185
9,762
2,643
2,297
29,494
13,355
1,309
1,688
333
979
57
66
74,168
Dec 2015
13,238
10,768
2,688
2,163
30,806
14,020
1,399
1,730
270
874
19
46
78,021
Total1
Jan 2016
British Columbia
Alberta
Saskatchewan
Manitoba
Ontario
Quebec
New Brunswick
Nova Scotia
Yukon
Canada
727,412
387,170
307,909
262,086
469,346
282,969
150,857
205,950
174,944
247,048
343,856
327,177
470,913
Dec 2015
693,860
405,664
295,408
245,389
464,289
274,671
151,703
206,814
170,846
247,787
407,962
330,202
457,935
nsa3
monthly
percentage
change
4.8
-4.6
4.2
6.8
1.1
3.0
-0.6
-0.4
2.4
-0.3
-15.7
-0.9
2.8
monthly
percentage
change
Jan 2016
-8.0
-9.3
-1.7
6.2
-4.3
-4.7
-6.4
-2.4
23.3
12.0
200.0
43.5
-4.9
Jan 2015
11,052
8,559
1,996
1,637
21,405
14,634
1,157
1,355
270
867
29
50
63,011
12,006
9,350
2,083
1,623
23,949
15,165
1,343
1,562
263
885
10
31
68,270
Jan 2016
731,691
377,873
308,130
252,693
448,963
n/a
144,102
198,369
174,944
245,697
343,856
312,440
458,769
Jan 2015
576,474
389,668
296,999
248,656
409,657
n/a
136,415
194,848
143,607
272,715
268,910
268,615
395,223
s.a.2
2
Seasonally adjusted
3
-7.9
-8.5
-4.2
0.9
-10.6
-3.5
-13.8
-13.3
2.7
-2.0
190.0
61.3
-7.7
year-over-year
percentage
change
26.9
-3.0
3.7
1.6
9.6
5.6
1.8
21.8
-9.9
27.9
16.3
16.1
Jan 2016
748,752
383,023
293,891
278,432
485,371
278,061
157,299
210,357
165,916
256,589
343,856
331,579
482,983
Dec 2015
705,309
397,152
295,821
249,716
475,450
279,304
159,386
215,382
172,787
264,463
327,707
344,241
467,946
nsa3
monthly
percentage
change
Jan 2016
6.2
-3.6
-0.7
11.5
2.1
0.0
-1.3
-2.3
-4.0
-3.0
4.9
-3.7
3.2
Jan 2015
752,906
371,620
288,177
264,007
466,053
269,635
150,538
205,047
165,916
255,091
343,856
312,440
470,297
* 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
1
year-over-year
percentage
change
Residential
s.a.2
Average Price*
nsa3
593,155
381,757
294,885
252,434
419,698
263,740
145,592
203,359
159,448
283,043
268,910
268,615
402,059
year-over-year
percentage
change
26.9
-2.7
-2.3
4.6
11.0
2.2
3.4
0.8
4.1
-9.9
27.9
16.3
17.0
Months of Inventory and Sales as a Percentage of New Listings over MLS® Systems of Canadian Real Estate Boards & Associations
January 2016
Total1
Residential
2
Sales as a
Percentage of New
Listings*
nsa3
s.a.
Jan 2016
British Columbia
Alberta
Saskatchewan
Manitoba
Ontario
Quebec
New Brunswick
Nova Scotia
Yukon
Canada
Dec 2015
75.2
40.1
38.5
51.5
62.1
45.9
42.5
40.1
32.2
27.4
22.6
38.2
55.7
68.7
38.7
37.4
51.7
58.9
43.6
37.1
37.1
37.1
37.3
90.9
46.9
52.8
monthly change
6.5
1.4
1.1
-0.2
3.2
2.3
5.4
3.0
-4.9
-9.9
-68.3
-8.7
2.9
Jan 2016
64.1
48.7
38.7
51.4
58.3
44.2
36.9
39.5
37.2
34.1
63.8
51.3
53.4
Jan 2015
s.a.2
year-over-year
change
52.4
58.4
43.5
54.3
53.5
41.6
34.3
37.8
31.0
32.9
69.8
55.2
50.4
11.7
-9.7
-4.8
-2.9
4.8
2.6
2.6
1.7
6.2
1.2
-6.0
-3.9
3.0
Jan 2016
82.4
41.4
39.5
52.7
65.2
48.4
49.3
44.8
39.3
32.8
24.6
39.4
59.2
Dec 2015
73.7
40.4
37.6
53.8
61.8
46.4
44.0
41.4
54.4
40.5
100.0
47.8
56.0
Total1
nsa3
s.a.
Months of Inventory*
British Columbia
Alberta
Saskatchewan
Manitoba
Ontario
Quebec
New Brunswick
Nova Scotia
Yukon
Canada
3.1
6.2
8.2
3.8
2.7
11.8
9.5
10.6
11.3
10.2
9.3
7.6
4.9
Dec 2015
3.2
5.8
8.6
4.0
2.8
11.9
10.5
12.6
10.7
8.6
5.1
8.0
5.1
monthly change
-0.1
0.4
-0.4
-0.2
-0.1
-0.1
-1.0
-2.0
0.6
1.6
4.2
-0.4
-0.2
monthly change
Jan 2016
8.7
1.0
1.9
-1.1
3.4
2.0
5.3
3.4
-15.1
-7.7
-75.4
-8.4
3.2
Jan 2015
68.8
51.6
40.1
54.3
60.9
46.7
42.2
44.6
44.9
38.9
64.0
54.8
56.6
56.1
62.7
45.4
56.9
56.1
43.9
38.5
43.1
36.6
37.0
69.9
58.0
53.5
year-over-year
change
12.7
-11.1
-5.3
-2.6
4.8
2.8
3.7
1.5
8.3
1.9
-5.9
-3.2
3.1
Residential
2
Jan 2016
nsa3
Jan 2016
5.8
6.4
9.5
5.2
4.0
14.9
16.8
12.7
21.5
13.2
5.5
10.1
6.9
Jan 2015
s.a.2
year-over-year
change
8.2
4.5
7.8
4.5
4.7
15.1
17.6
16.9
25.1
13.0
4.7
11.0
7.5
-2.4
2.0
1.7
0.7
-0.7
-0.2
-0.7
-4.2
-3.6
0.2
0.8
-0.9
-0.6
Jan 2016
3.3
6.7
8.7
4.1
2.8
12.6
10.5
11.7
14.1
10.5
9.3
7.6
5.3
Dec 2015
3.4
6.2
9.2
4.3
2.9
12.6
11.3
13.8
12.7
9.5
5.4
8.3
5.4
nsa3
monthly change
-0.1
0.5
-0.5
-0.2
-0.1
0.0
-0.8
-2.1
1.4
1.0
3.9
-0.7
-0.1
Jan 2016
Jan 2015
4.4
5.2
8.5
4.3
3.2
13.1
12.4
12.4
13.7
9.5
5.1
8.3
5.7
*Actual (not seasonally adjusted) data for sales‐to‐new listings ratios and months of inventory are based on a 12‐month moving average
1
Seasonally adjusted
3
2
6.5
3.5
6.9
3.7
3.8
13.4
12.9
12.9
16.3
9.6
4.3
9.3
6.1
year-over-year
change
-2.1
1.7
1.6
0.6
-0.6
-0.2
-0.6
-0.5
-2.5
-0.1
0.8
-1.0
-0.4

National MLS® Report (HPI) - Feb 2016

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