CREA Monthly Stats: Canadian Home Sales Set Record in April

Canadian home sales set record in April

Ottawa, ON, May 16, 2016 – According to statistics released today by The Canadian Real Estate Association (CREA), national home sales in April 2016 rose to their highest level ever.

Highlights:

• National home sales rose by 3.1% from March to April.
• Actual (not seasonally adjusted) activity was up 10.3% compared to April 2015.
• The number of newly listed homes was little changed (-0.2%) from March to April.
• The MLS® Home Price Index (HPI) rose 10.3% year-over-year in April.
• The national average sale price climbed 13.1% in April from one year ago; net of the Greater Toronto Area and Greater Vancouver, it was up by 8.7% year-over-year.

The number of homes trading hands via Canadian MLS® Systems in April 2016 rose by 3.1 percent month-over-month to set a new monthly record.

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Author: bramptonrealestateboard

At the Brampton Real Estate Board (BREB) we believe in the ownership of Real Estate. Our objective is to contribute to the capability and growth of our members in their endeavors by marketing all forms of real property throughout the greater Brampton, Halton Hills and Caledon marketplaces and beyond. The Brampton Real Estate Board is dedicated to providing an environment in which it’s Member REALTORS®, employees, Board of Directors, and Committee volunteers are encouraged to grow, succeed and develop in order to provide the highest level of professional conduct and service. View all posts by bramptonrealestateboard