Canadian Home Sales Edge Higher In July



OTTAWA — According to statistics released by The Canadian Real Estate Association (CREA), national home sales activity edged up almost one per cent in July 2014 from the previous month.
 Highlights:
•   National home sales rose 0.8% from June to July.
•   Actual (not seasonally adjusted) activity was 7.2% higher than July 2013 levels.
•   The number of newly listed homes edged up 0.4% from June to July.
•   The Canadian housing market remains in balanced territory.
•   The MLS Home Price Index (HPI) rose 5.3% year-over-year in July.
•   The national average sale price rose 5.0% on a year-over-year basis in July.
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 July 2014, marking the sixth consecutive monthly increase and the highest level for sales since March 2010.