Canadian Home Sales Improve In June

OTTAWA — According to statistics released mid July 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. www.crea.ca.