Canadian home sales fall further in July

Ottawa, ON, August 15, 2017 – According to statistics released today by The Canadian Real Estate Association (CREA), national home sales declined further in July 2017. CREA monthly statistics and MLS HPI July 2017

Highlights:

  • National home sales fell 2.1% from June to July.
  • Actual (not seasonally adjusted) activity in July stood 11.9% below last July’s level.
  • The number of newly listed homes edged back by 1.8% from June to July.
  • The MLS® Home Price Index (HPI) was up 12.9% year-over-year (y-o-y) in July 2017.
  • The national average sale price edged down by 0.3% y-o-y in July.

The number of homes sold via Canadian MLS® Systems fell 2.1% in July 2017, the fourth consecutive monthly decline. While the monthly decline was about one-third the magnitude of those in May and June, it leaves sales activity 15.3% below the record set in March.

For more information, please contact:
Pierre Leduc
Media Relations
leduc@crea.ca

The Canadian Real Estate Association
200 Catherine Street, 6th Floor Ottawa, ON K2P 2K9
Tel: +1 (613) 237-7111

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.

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