Canadian home sales drop again in June
Ottawa, ON, July 17, 2017 - According to statistics released on July 17 by The Canadian Real Estate Association (CREA), national home sales cooled further in June 2017.
- National home sales dropped 6.7 per cent from May to June.
- Actual (not seasonally adjusted) activity in June stood 11.4 per cent below last June’s level.
- The number of newly listed homes edged back by 1.5 per cent from May to June.
- The MLS® Home Price Index (HPI) was up 15.8 per cent year-over-year (y-o-y) in June 2017.
- The national average sale price edged up just 0.4 per cent y-o-y in June.
The number of homes sold via Canadian MLS® Systems fell 6.7 per cent in June 2017, the largest monthly decline since June 2010. With sales having also declined in each of the two previous months, activity in June came in 14.1 per cent below the record set in March.
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