Ottawa, ON, August 14, 2015 - According to statistics released today by The Canadian Real Estate Association (CREA), national home sales activity edged slightly lower on a month-over-month basis in July 2015.
Highlights:
The number of home sales processed through the MLS® Systems of Canadian real estate Boards and Associations declined by 0.4 per cent in July 2015 compared to June. While this marks the second consecutive monthly decline in activity, sales activity in May, June and July reached their highest monthly levels in more than five years.
July sales were down from the previous month in about half of all local markets, led by declines in Hamilton-Burlington and in the Durham Region of the Greater Toronto Area (GTA). The monthly decline in sales for these two markets represents a pullback from record levels in June and likely reflects an insufficient supply of listings. By contrast, sales in Newfoundland and Labrador were up most on a month-over-month basis, marking a rebound from a quiet month of June for the province.
“National sales activity remains solid, fuelled by strength in British Columbia and the Greater Toronto Area, where listings
are in short supply or trending that way,” said CREA President Pauline Aunger. “That said, markets elsewhere across
Canada are largely well balanced and in some cases have an ample supply of listings. As always, all real estate is local
and REALTORS® remain your best source for information about sales and listings where you live or might like to in the
future.”
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