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Canadian home sales hold steady in July

By Robert Hof

Ottawa, ON, August 15, 2013 –According to statistics released today by The Canadian Real Estate Association (CREA), national home sales were little changed on a month-over-month basis in July 2013.

Highlights:

  • National home sales edged up 0.2% from June to July.
  • Actual (not seasonally adjusted) activity came in 9.4% above levels in July 2012.
  • The number of newly listed homes edged down 0.4% from June to July.
  • The Canadian housing market has tightened but remains in balanced territory.
  • The national average sale price rose 8.4% on a year-over-year basis in July.
  • The MLS® Home Price Index (HPI) rose 2.7% year-over-year in July.

The number of home sales processed through the MLS® Systems of real estate Boards and Associations and other cooperative listing systems in Canada was little changed on a month-over-month basis in July 2013. Sales edged up just two-tenths of a percentage point to hold below levels reached prior to tightened mortgage regulations last year.

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