Canadian Home Sales Edge Higher In June

OTTAWA — According to statistics released July 15th by The Canadian Real Estate Association (CREA), national home sales activity edged up almost one per cent on a month-over-month basis in June 2014.
 
Highlights:
•     National home sales rose 0.8% from May to June.
•     Actual (not seasonally adjusted) activity stood 11.2% above June 2013 levels.
•     The number of newly listed homes was little changed from May to June.
•     The Canadian housing market remains in balanced territory.
•     The national average sale price rose 6.9% on a year-over-year basis in June.
•     The MLS Home Price Index (HPI) rose 5.4% year-over-year in June.
 
The number of home sales processed through the MLS Systems of Canadian real estate Boards and Associations rose 0.8 per cent on a month-over-month basis in June 2014, marking the fifth consecutive monthly increase and the highest level for sales since March 2010. For the complete report, click here.