Canadian home sales remain steady through July, 2013: CREA

The Canadian Real Estate Association (CREA), released national sales statistics for the month of July, 2013 recently. According the CREA, "The number of home sales processed through the MLS® Systems of real estate Boards and Associations and other cooperative listing systems in Canada was little changed on a month-over-month basis in July 2013. Sales edged up just two-tenths of a percentage point to hold below levels reached prior to tightened mortgage regulations last year." Highlights of CREA's report    

• National home sales edged up 0.2% from June to July
• Actual (not seasonally adjusted) activity came in 9.4% above levels in July 2012.
• The number of newly listed homes edged down 0.4% from June to July.
• The Canadian housing market has tightened but remains in balanced territory.
• The national average sale price rose 8.4% on a year-over-year basis in July.
• The MLS® Home Price Index (HPI) rose 2.7% year-over-year in July.

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

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