Canadian Home Sales Edge Lower But Remain Strong In June

OTTAWA — July 15, 2015 - According to statistics released by The Canadian Real Estate Association (CREA), national home sales activity edged slightly lower on a month-over-month basis in June 2015.

Highlights:
National home sales edged back by 0.8% from May to June.
Actual (not seasonally adjusted) activity stood 11% above June 2014 levels.
The number of newly listed homes edged down 0.2% from May to June.
The Canadian housing market remains balanced overall.
The MLS Home Price Index (HPI) rose 5.43% year-over-year in June.
The national average sale price rose 9.6% on a year-over-year basis in June; excluding Greater Vancouver and Greater Toronto, it increased by 3.1%.
 
The number of home sales processed through the MLS Systems of Canadian real estate Boards and Associations declined by 0.8 per cent in June 2015 compared to May. Sales levels in May and June marked the strongest monthly readings in more than five years.