NEWS

Canadian home sales set record in April

Ottawa, ON, May 16, 2016 - According to statistics released today by The Canadian Real Estate Association (CREA), national home sales in April 2016 rose to their highest level ever.

Highlights:

• National home sales rose by 3.1 per cent from March to April.
• Actual (not seasonally adjusted) activity was up 10.3% compared to April 2015.
• The number of newly listed homes was little changed (-0.2 per cent) from March to April.
• The MLS® Home Price Index (HPI) rose 10.3 per cent year-over-year in April.
• The national average sale price climbed 13.1 per cent in April from one year ago; net of the Greater Toronto Area and Greater Vancouver, it was up by 8.7 per cent year-over-year.

The number of homes trading hands via Canadian MLS® Systems in April 2016 rose by 3.1 per cent month-over-month to set a new monthly record.

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