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.
* 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.