Home sales increase for the first time since March
Canadian Real Estate Association reports 4.1 per cent growth in August
The Canadian Real Estate Association (CREA) reported that home sales rose by 4.1 per cent in August, the first monthly sales increase since March. Ontario and British Columbia enjoyed the most activity. However, CREA predicts sales will likely stay slow. Home prices were stagnant in August at an average of $324,928, the same as last year. But though the number of listings rose 1.9 per cent, that’s still down down 16 per cent from last April’s peak.
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