Housing Market Stats
The Canadian Real Estate Association commonly referred to as CREA gathers and analyzes significant amounts of data that affect and influence the real estate market. This information is referred to as the housing market stats. It does this on behalf of the public, REALTORS, and governments. With this current and accurate information CREA is able to provide the public with a snapshot of the Canadian housing market. This information also allows REALTORS to advise their clients in a competent manner with information that is current. Politicians and other government bodies are able to put more effective legislation and regulations into effect.
MLS Home Price Index
The MLS Home Price Index (HPI) allows you to access the data on residential markets from all participating real estate boards across Canada. The analysis of this information is an accurate tool in determining the pricing trends in the residential housing market.
In addition to the Canadian Real Estate Association there were an additional 5 founding partners: The real estate boards of Calgary, Fraser Valley, Greater Montreal, Greater Vancouver, and Toronto. The partners contracted Altus Group in 2009 to develop the MLS Home Price Index and it was launched in 2012.
View further information about the HPI. Or you can check out the Home Price Index tool.
At the midpoint of every month all information from the previous month is made available by CREA to the public, REALTORS, and governments.
View the latest monthly stats.
The forecast for provincial ad national sales activity and average home prices are revised after every quarter. This is done by taking into account new housing market data, changes in possible changes to interest rates, and the macroeconomy.
View the latest quarterly forecast.
National Average Price Map
All monthly statics of homes and properties sold through MLS are compiled by the CREA.
This map displays the latest statistics for major markets and provinces across Canada, based on the MLS reports provided by real estate Boards.
View the National Average Price Map.
If you have any questions about CREA, MLS, or how to interpret this information, please Contact Us. We look forward to hearing from you.