While headlines are made from CREA’s monthly news release, CREA Stats offers so much more invaluable information REALTORS® can use to help benefit their business.
Launched last year, CREA Stats Centre is a hub for data to help REALTORS® gain a better understanding of home prices and is the go-to place for staying current on emerging trends.
Apart from the national news release and links to national housing data, you’ll have free* access to:
CREA Unit Statistics
This section allows the user to access information on a sub-market level. Searches can be broken down into specific criteria, such as single-detached, semi-detached, townhomes and apartments, rather than just overall residential data. Do you want to know what the median sale price of a townhouse in Winnipeg was from 2000 to 2019 or what a listing’s average days on market was, per quarter, in Saint John over the past decade? You’re going to find the CREA Unit Statistics tool very helpful.
These are stats on a national, provincial, and board level for residential properties, including measures such as sales, new listings, active listings, average price and months of inventory. The seasonally adjusted figures will be especially helpful for REALTORS® comparing month-over-month changes in the data. If you want to know how many active listings were in Brantford, Ontario or how many residential unit sales there were in Nova Scotia over a certain period, you’ll want to check out what CREA Aggregate Statistics can provide.
Use the MLS® Home Price Index (HPI)
CREA’s housing market data is compiled using information from the hundreds of thousands of listings available on REALTOR.ca, but markets apart of the MLS® Home Price Index (HPI) receive a more in-depth and advanced look at neighbourhood home price levels and trends.
The MLS® HPI is based on the value home buyers assign to various housing attributes, which tend to evolve gradually over time. It therefore provides an “apples to apples” comparison of home prices across the entire country.
Last year, 21 markets joined the MLS® HPI, meaning that of sales activity, more than 77% of the country is covered by this advanced tracking tool.
Your expertise as a real estate professional, backed by the comprehensive data generated by the MLS® HPI, can help you make better informed pricing decisions and validate your pricing recommendations as part of your comparative market analysis. To learn more and unlock these exclusive local market insights made possible by the MLS® HPI, talk to your local board or association.
Finally, CREA’s Economics team provides regional news releases for 46 different boards and associations. This information is then released to the public through CREA and its social channels, which can be redistributed by your board and association.
— CREA | ACI (@CREA_ACI) January 7, 2021
Reach out to email@example.com to learn how your board or association can take advantage of this service.
*Charges may apply for non-members who request information.