Canadian home sales rise 2.7 percent in April as prices decelerate: CREA

The Canadian Real Estate Association (CREA), released national sales statistics for the month of April, 2014today. According to the CREA, "The number of home sales processed through the MLS® Systems of Canadian real estate Boards and Associations rose 2.7 per cent from March to April 2014. This continues to build on gains recorded in each of the two previous months, marking the third and largest month-over-month increase since last August."

The increase places activity about halfway between the most recent peak reached in August 2013 and the slowdown in the second half of 2012 that followed changes to mortgage rules and guidelines." Highlights of CREA's report    

• National home sales rose 2.7% from March to April.
• Actual (not seasonally adjusted) activity stood 0.3% below April 2013 levels.
• The number of newly listed homes climbed 2.9% from March to April.
• The Canadian housing market remains in balanced territory.
• The national average sale price rose 7.6% on a year-over-year basis in April.
• The MLS® Home Price Index (HPI) rose 5.0% year-over-year in April.

Read the entire report on Canadian MLS® sales for April, 2014.

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Royal LePage Saskatoon Real Estate