MEDIA RELEASE

Canadian home sales little changed in December

Ottawa, On, January 15, 2013 - According to statistics released today by The Canadian Real Estate Association (CREA), national home sales activity was little changed on a month--over-month basis in December 2012, holding it in line with levels reproted in August when demand first geared down in the wake of tighter mortgage lending rules.

Highlights:                                                                                                                                                                                       

*  National home saes edged 0.5% lower from November to December.   *  Actual (not seasonally adjusted) activity down 17.4% from December 2011.   *  Number of newly listed homes dropped 1.3% from November to December.   *  Canadian housing market remains firmly in balanced territory.   *  National average sale price up 1.6% year-over-year in December.   *  MLS(r) HPI up 3.3% in December, the smallest gain since April 2011.

The number of home sales process through the MLS(r) Systems of real estate Boards and Associations in Canada edged down 0.5 per cent on a month-over-month basis in December 2012.  While sales activity was little changed nationally, it picked up in just over half of all local markets in December.

Pierre Le

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Cathy Bradford

Cathy Bradford

Sales Representative
CENTURY 21 Millennium Inc., Brokerage*
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