Canadian home sales see their biggest monthly increase in two years: CREA

The Canadian Real Estate Association (CREA), released national sales statistics for the month of May, 2013 today. According the CREA, “National sales activity is stable and the market remains balanced.”

Highlights of CREA’s report    

  • National home sales rose 3.6% from April to May.
  • Actual (not seasonally adjusted) activity came in 2.6% below levels in May 2012.
  • The number of newly listed homes was up 1.9% from April to May.
  • The Canadian housing market remains firmly in balanced territory.
  • The national average sale price rose 3.7% on a year-over-year basis in May.
  • The MLS® Home Price Index (HPI) rose 2.3% year-over-year in May.

Read the entire report on Canadian MLS sales for May, 2013.

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Norm Fisher
Royal LePage Saskatoon Real Estate