Category "CREA"

15Jul

Home sales in Canada fell for the 3rd straight month in June – National | Globalnews.ca

by BBG Hub

The Canadian Real Estate Association says home sales last month fell on a month-over-month basis for the third straight month as the market continued to slow after hitting an all-time record in March.

The association says home sales were down 8.4 per cent month-over-month in June, as sales cooled in 80 per cent of all local markets.

However, compared with a year ago, sales in June rose 13.6 per cent to set a new record for the month.


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CREA chair Cliff Stevenson says while there is still a lot of activity in many markets across Canada, things have noticeably calmed down in the last few months.

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The number of newly listed homes edged up 0.7 per cent in June compared with May.

CREA says the actual national average price of a home sold in June was a little over $679,000, up 25.9 per cent compared with a year ago.




© 2021 The Canadian Press





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17Aug

Home sales rebound, hit record high for July despite COVID-19: CREA – National

by BBG Hub

The Canadian Real Estate Association says home sales in July hit a record high as they continued their rebound from the lows of earlier this year when the COVID-19 pandemic froze the market.

CREA says the 62,355 sales in July 2020 marked the highest monthly sales figure on record, with data going back more than 40 years.

Sales in July were up 30.5 per cent compared with the same month a year ago.

On a month-over-month basis, sales were up 26 per cent.






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The jump in sales came as the number of newly listed homes climbed by 7.6 per cent in July compared with June.

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CREA says the actual national average price for homes sold in July was a record $571,500, up 14.3 per cent from the same month last year.




© 2020 The Canadian Press




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