Sales of existing homes in Canada climbed by 6.6 percent between January and February 2021 to set another new all-time record, according to the Canadian Real Estate Association. The seasonally adjusted activity was running at an annualized pace of 783,636 units in February.
The month-over-month increase in national sales activity from January to February was led by the Greater Toronto Area and several other Ontario markets, along with Calgary and a number of markets in B.C. These offset a considerable decline in sales in Montreal, where new listings have started off 2021 at lower levels compared to those recorded in the second half of last year.
