Investing.com -- Recent data from the Canadian Real Estate Association reveals a decrease in home sales and prices in March. Home sales experienced a 4.8% drop compared to February, and a 9.3% decline on an annual basis.

The Association’s Home Price Index also showed a decline, falling 1% from the previous month and 2.1% annually. Additionally, the national average selling price of homes in Canada decreased by 3.7% over the year.

This data provides a snapshot of the current state of the Canadian real estate market, showing a recent trend of declining home sales and prices.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.