Canadian home sales fall further in July

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


    National home sales fell 2.1 per cent from June to July.

  • Actual (not seasonally adjusted) activity in July stood 11.9 per cent below last July’s level.
  • The number of newly listed homes edged back by 1.8 per cent from June to July.
  • The MLS Home Price Index (HPI) was up 12.9 per cent year-over-year (y-o-y) in July 2017.
  • The national average sale price edged down by 0.3 per cent y-o-y in July.
  • The number of homes sold via Canadian MLS Systems fell 2.1 per cent 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 per cent below the record set in March.

    To read the full release, click here.