Canadian home sales edge up in August

Ottawa, ON, September 15, 2017 – According to statistics released today by The Canadian Real Estate Association (CREA), national home sales posted a small gain in August 2017.

Highlights:

National home sales rose 1.3 per cent from July to August.
• Actual (not seasonally adjusted) activity stood 9.9 per cent below last August’s level.
• The number of newly listed homes fell a further 3.9 per cent from July to August.
• The MLS Home Price Index (HPI) was up 11.2 per cent year-over-year (y-o-y) in August 2017.
• The national average sale price climbed by 3.6 per cent y-o-y in August.

The number of homes sold via Canadian MLS Systems edged up by 1.3 per cent in August 2017. The small gain breaks a string of four straight declines, but still leaves activity 13.8 per cent below the record set in March.

To read the full release, click here.