According to statistics released by The Canadian Real Estate Association (CREA), national home sales rose in June 2013, building on gains recorded over the previous three months.
Highlights:
- National home sales rose 3.3% from May to June.
- Actual (not seasonally adjusted) activity came in 0.6% below levels in June 2012.
- The number of newly listed homes edged down 0.5% from May to June.
- The Canadian housing market has tightened but remains in balanced territory.
- The national average sale price rose 4.8% on a year-over-year basis in June.
- The MLS® HPI rose 2.3% year-over-year in June.
The number of home sales processed through the MLS® Systems of real estate Boards and Associations and other cooperative listing systems in Canada rose 3.3 per cent on a month-over-month basis in June 2013. This marks the fourth consecutive monthly increase, with activity now running 11 per cent above where it stood in February.
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