Canadian home sales climb higher in August

According to statistics released by The Canadian Real Estate Association (CREA), national home sales activity rose nearly two per cent from July to August 2014.

Highlights:

  • National home sales rose 1.8% from July to August.
  • Actual (not seasonally adjusted) activity stood 2.1% above August 2013 levels.
  • The number of newly listed homes fell 1.2% from July to August.
  • The Canadian housing market remains in balanced territory.
  • The MLS® Home Price Index (HPI) rose 5.3% year-over-year in August.
  • The national average sale price also rose 5.3% on a year-over-year basis in August.

The number of home sales processed through the MLS® Systems of Canadian real estate Boards and Associations rose 1.8 per cent on a month-over-month basis in August 2014, marking the seventh consecutive monthly increase, and the highest level for sales since January 2010.

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