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September 2020: Another All-Time Monthly Record

September 2020 was another all-time record in National Home Sales, with an +0.92% increase over August 2020. Newly listed homes fell by 10.2% in September, thus causing a shortage in supply. 


“ Many Canadian housing markets are continuing to see historically strong levels of activity as we enter into the fall market of this very strange year. Along with historic supply shortages in a number of regions, fierce competition among buyers has been putting upward pressure on home prices. "
~ Costa Poulopoulos, Chair of CREA






(Source: CREA, 2020)
 
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