{"id":3800,"date":"2022-12-21T19:02:21","date_gmt":"2022-12-21T19:02:21","guid":{"rendered":"https:\/\/godspeedrealestate.ca\/?p=3800"},"modified":"2022-12-22T05:17:37","modified_gmt":"2022-12-22T05:17:37","slug":"canadian-home-sales-fall-in-november-2022","status":"publish","type":"post","link":"https:\/\/godspeedrealestate.ca\/canadian-home-sales-fall-in-november-2022\/","title":{"rendered":"Canadian Home Sales Fall In November 2022"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"3800\" class=\"elementor elementor-3800\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8349f5b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8349f5b\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-16df273\" data-id=\"16df273\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b26361c elementor-widget elementor-widget-text-editor\" data-id=\"b26361c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>On December 15, 2022 the Canadian Real estate Association (CREA) released statistics reporting Canadian home sales are down from October. Homes sales were down on a month-over-month basis in November 2022.\u00a0<\/p><p><span style=\"font-style: inherit; background-color: var( --e-global-color-astglobalcolor5 ); color: var(--ast-global-color-3);\">&#8220;November\u2019s housing data from across Canada came in as expected \u2013 still pretty quiet \u2013 and that is unlikely to improve this winter with the Bank of Canada raising rates again,\u201d said Shaun Cathcart, <\/span><span class=\"il\" style=\"font-style: inherit; color: var(--ast-global-color-3);\">CREA<\/span><span style=\"font-style: inherit; background-color: var( --e-global-color-astglobalcolor5 ); color: var(--ast-global-color-3);\">\u2019s Senior Economist.\u00a0<\/span><\/p><p>Figure 1.1 shows h<span style=\"font-style: inherit; background-color: var( --e-global-color-astglobalcolor5 ); color: var(--ast-global-color-3);\">ome sales are down 38.9% across Canada,\u00a0with 30,135 units sold in November 2022,\u00a0compared to 49,357 in November 2021.\u00a0<\/span><span style=\"font-style: inherit; background-color: var( --e-global-color-astglobalcolor5 ); color: var(--ast-global-color-3);\">New listings are down 2.3% across Ontario, 20,612 new listings added in November 2022, with\u00a0compared to 21,099 in November 2021.\u00a0<\/span><\/p><div class=\"page\" title=\"Page 1\"><div class=\"layoutArea\"><div class=\"column\"><div class=\"page\" title=\"Page 1\"><div class=\"layoutArea\"><div class=\"column\"><p>The average price of homes sold across Ontario\u00a0in November 2022 was $829,934, down 10%\u00a0from $921,819 in November 2021. Homes sold in the Greater Toronto Area averaged $1,089,800.00.<\/p><\/div><\/div><\/div><\/div><\/div><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-37e5d22 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"37e5d22\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-c5ec20e\" data-id=\"c5ec20e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-85313a7 elementor-widget elementor-widget-image\" data-id=\"85313a7\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"668\" height=\"762\" src=\"https:\/\/godspeedrealestate.ca\/wp-content\/uploads\/2022\/12\/Crea-National-Housing-Market-Snapshot-Nov-2022.jpg\" class=\"attachment-large size-large wp-image-3801\" alt=\"\" srcset=\"https:\/\/godspeedrealestate.ca\/wp-content\/uploads\/2022\/12\/Crea-National-Housing-Market-Snapshot-Nov-2022.jpg 668w, https:\/\/godspeedrealestate.ca\/wp-content\/uploads\/2022\/12\/Crea-National-Housing-Market-Snapshot-Nov-2022-263x300.jpg 263w\" sizes=\"(max-width: 668px) 100vw, 668px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-4be94ed\" data-id=\"4be94ed\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9a04402 elementor-widget elementor-widget-text-editor\" data-id=\"9a04402\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"content entry-sub\"><p>A snapshot of the National Housing Market as of November 2022 is shown in figure 1.2.<\/p><p><b>Highlights:<\/b><\/p><ul><li><p>National home sales declined by 3.3% month-over-month in November.<\/p><\/li><li><p>Actual (not seasonally adjusted) monthly activity came in 38.9% below November 2021.<\/p><\/li><li><p>The number of newly listed properties edged down 1.3% month-over-month.<\/p><\/li><li><p>The MLS\u00ae Home Price Index (HPI) declined by 1.4% month-over-month and was down 4.4% year-over-year.<\/p><\/li><li><p>The actual (not seasonally adjusted) national average sale price posted a 12% year-over-year decline in November.\u00a0<\/p><\/li><\/ul><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f4680c7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f4680c7\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2651633\" data-id=\"2651633\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b7a7199 elementor-widget elementor-widget-text-editor\" data-id=\"b7a7199\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Stay abreast of the current market climate by visiting the <a href=\"https:\/\/stats.crea.ca\/en-CA\/?utm_source=sfmc&amp;utm_term=CREA+Stats&amp;utm_content=267482&amp;utm_id=c20363c1-b9b6-48bc-9b34-53b67e01dc31&amp;sfmc_id=20513503&amp;sfmc_activityid=20b74b14-27d6-42a0-9146-5d110db83c10&amp;utm_medium=email&amp;utm_campaign=COMM_Product%20Newsletter%20ON_EN_2022-12%20-%202022\">CREA<\/a>\u00a0website on a regular basis.<\/p><p>For more precise information about your particular home or area <a href=\"_wp_link_placeholder\" data-wplink-edit=\"true\">contact us today<\/a>, \u00a0maybe a meeting over coffee is in order. \u00a0 \u00a0<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6965cec5 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"6965cec5\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-32326f60\" data-id=\"32326f60\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f901b61 elementor-widget elementor-widget-spacer\" data-id=\"f901b61\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5c27d619 elementor-widget elementor-widget-spacer\" 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elementor-element-1857d7d7 elementor-widget elementor-widget-spacer\" data-id=\"1857d7d7\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>On December 15, 2022 the Canadian Real estate Association (CREA) released statistics reporting Canadian home sales are down from October. Homes sales were down on a month-over-month basis in November 2022.\u00a0 &#8220;November\u2019s housing data from across Canada came in as expected \u2013 still pretty quiet \u2013 and that is unlikely to improve this winter with &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/godspeedrealestate.ca\/canadian-home-sales-fall-in-november-2022\/\"> <span class=\"screen-reader-text\">Canadian Home Sales Fall In November 2022<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":3802,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","footnotes":""},"categories":[24,33,22,25,30,35,34,29,31],"tags":[],"class_list":["post-3800","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-1st-time-buyer","category-buyer","category-buyer-and-seller","category-due-diligence","category-for-sale","category-making-an-offer","category-offers","category-preparing-for-resale","category-seller"],"_links":{"self":[{"href":"https:\/\/godspeedrealestate.ca\/wp-json\/wp\/v2\/posts\/3800","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/godspeedrealestate.ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/godspeedrealestate.ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/godspeedrealestate.ca\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/godspeedrealestate.ca\/wp-json\/wp\/v2\/comments?post=3800"}],"version-history":[{"count":57,"href":"https:\/\/godspeedrealestate.ca\/wp-json\/wp\/v2\/posts\/3800\/revisions"}],"predecessor-version":[{"id":4083,"href":"https:\/\/godspeedrealestate.ca\/wp-json\/wp\/v2\/posts\/3800\/revisions\/4083"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/godspeedrealestate.ca\/wp-json\/wp\/v2\/media\/3802"}],"wp:attachment":[{"href":"https:\/\/godspeedrealestate.ca\/wp-json\/wp\/v2\/media?parent=3800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/godspeedrealestate.ca\/wp-json\/wp\/v2\/categories?post=3800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/godspeedrealestate.ca\/wp-json\/wp\/v2\/tags?post=3800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}