Canadian home sales up in August

Canadian home sales up in August

According to statistics released recently by The Canadian Real Estate Association (CREA), national home sales posted a month-over-month increase in August 2013.

Highlights:

  • National home sales rose 2.8% from July to August.
  • Actual (not seasonally adjusted) activity came in 11.1% above levels in August 2012.
  • The number of newly listed homes was up 1.8% from July to August.
  • The Canadian housing market has tightened but remains in balanced territory.
  • The national average sale price rose 8.1% on a year-over-year basis in August.
  • The MLS® Home Price Index (HPI) rose 2.9% year-over-year in August.

The number of home sales processed through the MLS® Systems of Canadian real estate Boards and Associations and other co-operative listing systems rose 2.8 per cent on a month-over-month basis in August 2013. The number of local markets where sales improved on a month-over-month basis ran roughly even with those where activity edged lower in August, with increases in major urban centres tipping the balance.

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Yasir Hussain

Yasir Hussain

Sales Representative
CENTURY 21 Percy Fulton Ltd., Brokerage*
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