NEWS

Canadian home sales fall further in July

Ottawa, ON, August 15, 2017 - According to statistics released August 15 by The Canadian Real Estate Association (CREA), national home sales declined further in July 2017.

Highlights:

• National home sales fell 2.1 per cent from June to July.
• Actual (not seasonally adjusted) activity in July stood 11.9 per cent below last July’s level.
• The number of newly listed homes edged back by 1.8 per cent from June to July.
• The MLS® Home Price Index (HPI) was up 12.9 per cent year-over-year (y-o-y) in July 2017.
• The national average sale price edged down by 0.3 per cent y-o-y in July.

The number of homes sold via Canadian MLS^® Systems fell 2.1 per cent in July 2017, the fourth consecutive monthly decline. While the monthly decline was about one-third the magnitude of those in May and June, it leaves sales activity 15.3 per cent below the record set in March.

To read the full release, click here.