Canadian home sales decline further in June
Ottawa, ON, July 15, 2016 - According to statistics released today by The Canadian Real Estate Association (CREA), national home sales declined further in June 2016.
- National home sales fell 0.9 per cent from May to June.
- Actual (not seasonally adjusted) activity came in 5.2 per cent above June 2015.
- The number of newly listed homes rose 2.2 per cent from May to June.
- The MLS® Home Price Index (HPI) rose 13.6 per cent year-over-year in June.
- The national average sale price climbed 11.2 per cent in June from one year ago; net of Greater Toronto and Greater Vancouver, it advanced 8.4 per cent year-over-year.
The number of homes trading hands via Canadian MLS® Systems fell by 0.9 percent month-over-month in June 2016. Monthly declines in each of the past two months have left sales activity 2.6 per cent below the record set in April 2016.
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