Canadian home sales reach five year peak in May and June, 2015: CREA

The Canadian Real Estate Association (CREA), released national sales statistics for the month of June, 2015 recently. According to the CREA, “The number of home sales processed through the MLS® Systems of Canadian real estate Boards and Associations declined by 0.8 per cent in June 2015 compared to May. Sales levels in May and June marked the strongest monthly readings in more than five years.” Highlights of CREA's report    

• National home sales edged back by 0.8% from May to June.
• Actual (not seasonally adjusted) activity stood 11% above June 2014 levels.
• The number of newly listed homes edged down 0.2% from May to June.
• The Canadian housing market remains balanced overall.
• The MLS® Home Price Index (HPI) rose 5.43% year-over-year in June.
• he national average sale price rose 9.6% on a year-over-year basis in June; excluding Greater Vancouver and Greater Toronto, it increased by 3.1%.

Read the entire report on Canadian MLS® sales for June, 2015.

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Norm Fisher

Royal LePage Vidorra