CREA reports January home sales jump 22% from year ago in largest gain since 2021

The Canadian Real Estate Association says January home sales jumped 22 per cent compared with a year ago, the largest year-over-year gain since May 2021.

The association says the increase reflected weakness last year which saw the worst start to almost any year in the past two decades.

On a seasonally adjusted basis, CREA says home sales in January were up 3.7 per cent when compared with December 2023.

CREA senior economist Shaun Cathcart says trends suggest a market that is starting to turn a corner but is still working through the weakness of the last two years.