National home sales in 2023 lowest since 2008 despite December 'bounce,' CREA says
Canada's housing market is seeing some of the lowest annual sales volumes in more than a decade nationally, according to the latest statistics from the Canadian Real Estate Association.
![National home sales in 2023 lowest since 2008 despite December 'bounce,' CREA says](https://i.cbc.ca/1.6412657.1705330806!/cumulusImage/httpImage/image.jpg_gen/derivatives/16x9_620/for-sale-sign-winter.jpg)
![The 2022 federal budget proposes new measures that will ban foreign investment in residential real estate, crack down on illegal activity in our housing market, and make sure that property flippers and speculators are paying their fair share of tax. A for sale sign, covered in snow, is pictured outside a home on PEI.](https://i.cbc.ca/1.6412657.1705330806!/cumulusImage/httpImage/image.jpg_gen/derivatives/16x9_620/for-sale-sign-winter.jpg)
Canada's housing market is seeing some of the lowest annual sales volumes in more than a decade nationally, according to the latest statistics from the Canadian Real Estate Association.