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Canadian home sales rise by 0.9 per cent between July and August: CREA

September 18, 2018 by thornhill201 Leave a Comment

OTTAWA—Canada’s housing market rebound appears to be slowing amid diminishing increases in national home sales, says the Canadian Real Estate Association.

The organization said on Monday that home sales saw their fourth consecutive increase in August, rising 0.9 per cent month-over-month to 39,366 from 39,028 and coming as roughly half of all local markets saw a month-over-month uptick.

However, August home sales simultaneously experienced a 3.8 per cent non-seasonally-adjusted year-over-year drop.
CREA attributed the drop to “major declines” in British Columbia real estate and stricter mortgage regulations that came into effect at the start of the year.[Read Me…]

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Mahdi Mahdizadeh
Real Estate on HomeLife/Bayview
505 Hwy.#7E.,#201Thornhill, Ontario
L3T 7T1

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