Canadian home sales decline further in June

Ottawa, ON, July 15, 2016 – According to statistics released today by The Canadian Real Estate Association (CREA), national home sales declined further in June 2016.

Highlights:

National home sales fell 0.9 per cent from May to June.
• Actual (not seasonally adjusted) activity came in 5.2 per cent above June 2015.
• The number of newly listed homes rose 2.2 per cent from May to June.
• The MLS Home Price Index (HPI) rose 13.6 per cent year-over-year in June.
• The national average sale price climbed 11.2 per cent in June from one year ago; net of Greater Toronto and Greater Vancouver, it advanced 8.4 per cent year-over-year.

The number of homes trading hands via Canadian MLS Systems fell by 0.9 percent month-over-month in June 2016. Monthly declines in each of the past two months have left sales activity 2.6 per cent below the record set in April 2016.

To read the full release, click here.