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Real Estate Blog

Ottawa, ON, August 15, 2019 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were up in July 2019 compared to June.



Highlights:

  • National home sales rose 3.5% month-over-month (m-o-m) in July.
  • Actual (not seasonally adjusted) activity was up 12.6% year-over-year (y-o-y).
  • The number of newly listed homes edged back 0.4% m-o-m.
  • The MLS® Home Price Index (HPI) climbed 0.6% m-o-m and 0.2% y-o-y.
  • The actual (not seasonally adjusted) national average sale price was up 3.9% y-o-y.
 
 

Home sales recorded via Canadian MLS® Systems rose for the fifth consecutive month in July, putting them about 15% above the six-year low reached in February 2019 but still more than 10% below the highs reached in 2016 and 2017. (Chart A)


Activity advanced in about 60% of all local markets. While the monthly increase was led by Greater Vancouver (GVA) and Greater Toronto (GTA), sales there remain well below levels recorded prior to the mortgage...

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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.