PLEASE NOTE: The information contained in this email and the attached documents are embargoed and cannot be released until 9 am (Ottawa time) Monday, September 15, 2014. Canadian home sales climb higher in August Ottawa, ON, September 15, 2014 - According to statistics released today by The Canadian Real Estate Association (CREA), national home sales activity rose nearly two per cent from July to August 2014. Highlights: • National home sales rose 1.8% from July to August. • Actual (not seasonally adjusted) activity stood 2.1% above August 2013 levels. • The number of newly listed homes fell 1.2% from July to August. • The Canadian housing market remains in balanced territory. • The MLS® Home Price Index (HPI) rose 5.3% year-over-year in August. • The national average sale price also rose 5.3% on a year-over-year basis in August. The number of home sales processed through the MLS® Systems of Canadian real estate Boards and Associations rose 1.8 per cent on a month-over-month basis in August 2014, marking the seventh consecutive monthly increase, and the highest level for sales since January 2010. CREA Updates Resale Housing Forecast Ottawa, ON, September 15, 2014 - The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards and Associations for 2014 and 2015. The deferral of sales and listings during an extraordinarily bleak winter delayed the start to the spring home buying season earlier this year. This deferral boosted activity in May and June as properties were snapped up after finally
Posted on: Mon, 15 Sep 2014 17:25:10 +0000
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