Residential home sales activity in Newfoundland and Labrador rose in the fourth quarter of 2019 when compared to the fourth quarter of 2018.
Residential property sales numbered 1,081 units in the fourth quarter of 2019, accelerating 16.2% when compared to the same quarter in 2018.
Single detached home sales rose by 12%, while sales of multi-family units were up 50.6% on a year-over-year basis in the fourth quarter of 2019.
Annually, residential property sales numbered 4,086 units in all of 2019. This was up 9.6% when compared to the 3,728 units recorded in 2018.