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Summary

Canadians Bought A Record Number Of Homes In March & These Were The Fastest Growing Cities

There were a lot of properties on the market last month.
Home Sales In Canada Set A Record In March & 3 Provinces Had Big Gains
Dillon Kydd | Unsplash
Senior Writer

New real estate statistics show that home sales in Canada hit an all-time record high in March 2021 and cities in three provinces had huge gains.

The Canadian Real Estate Association released data about how many properties were bought and sold last month across the country.

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The new sales record was set thanks to an additional almost 22,000 transactions, and 76,259 residential properties were bought and sold, which is the highest sales activity in history.

According to the Canadian Real Estate Association, this increase happened because more homes were available and the cities with the biggest sales gains were Greater Vancouver, Calgary, Edmonton, Hamilton-Burlington and Ottawa.

When it comes to the cost of homes, Royal LePage recently put out data that showed Canada's aggregate home price is $749,165 and it's forecasted to get even more expensive than that by the end of 2021.

Real EstateCanada
  • Lisa Belmonte

    Senior Writer

    Lisa Belmonte (she/her) is a Senior Writer with Narcity Media. After graduating with a Bachelor of Journalism from Toronto Metropolitan University (formerly Ryerson University), she joined the Narcity team. Lisa covers news and notices from across the country from a Canada-wide perspective. Her early coverage of the COVID-19 pandemic earned Narcity its first-ever national journalism award nomination.

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