Canadian home sales edge higher in April, 2012: CREA

Canadian home sales edge higher in April, 2012: CREA

CREA economist Gregory Klump reports on MLS® sales and listings for the Canadian real estate market for April, 2012.

Highlights from CREA's release

  • Home sales up 0.8% from March to April.
  • Actual (not seasonally adjusted) activity stood 11.5% above levels in April 2011.
  • The size of the year-over-year increase reflects a slowdown in sales last April following changes to mortgage rules which came into effect on March 18, 2011.
  • The number of newly listed homes edged back 0.2% from March to April.
  • While still well balanced, the combination of stable new listings and slightly higher sales activity resulted in a tighter national housing market.
  • The national average home price edged up 0.9% on a year-over-year basis in April.

I’m always happy to answer your Saskatoon real estate questions. All of my contact info is here. Please feel free to call or email.

Norm Fisher

Royal LePage Vidorra


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