Canadian home sales set a new record in April

April turned out to be the best month ever in Canadian real estate with consumers trading 60,952 homes worth $30.4 billion, according to the association that represents the nation’s realtors.

The Ottawa-based Canadian Real Estate Association, which represents boards across the country, said the dollar volume was up 24.8 per cent on a year over year basis. On seasonally adjusted basis, the dollar volume of April sales climbed 3.6 per cent from March.

“With almost three-quarters of all local markets posting sales gains in April, there are plenty of other places where sales are climbing as we head into the busiest time of the year for homebuyers,” said Cliff Iverson, president of CREA, in a release. He believes activity in Toronto and Vancouver has topped out.

 

Source:

http://business.financialpost.com/personal-finance/mortgages-real-estate/canadian-home-sales-set-a-new-record-in-april 

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