Canadian home sales climb in July on Toronto gains

Canadian home sales climb higher in May According to statistics released today by The Canadian Real Estate Association (CREA), national home sales improved in May 2013, building on gains recorded in the previous two months. Highlights: National home sales rose 3.6% from April to May. Actual (not seasonally adjusted) activity came in 2.6% below levels.

See related story on Greece’s crisis Earlier, the Canadian benchmark index had struggled to gain. July while the inventory-to-sales ratio, a gauge of demand, declined to 1.27 in July from 1.28 in.

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Home sales over Canadian MLS Systems rose by 5.2% month-over-month in February 2017 to reach the highest level since April 2016. While February sales were up from the previous month in about 70% of all local markets, the national increase was overwhelmingly driven by an increase in activity across the Greater Toronto Area (GTA) and environs.

January saw home sales in Montreal climb the fastest in a decade as lower. and the number of units sold reached a record. Montreal’s gains are well ahead of identical moves in Vancouver and Toronto.

Lower mortgage rates help Hovnanian reduce its net loss The effect of a change in the federal funds rate on long-term interest rates is usually smaller than it is on short-term interest rates. A majority of economists support the Fed’s choice of the interest rate as its monetary policy target, but some economists believe the Fed should concentrate on the money supply instead.

Home sales over Canadian MLS Systems rose by 5.2% month-over-month in February 2017 to reach the highest level since April 2016. While February sales were up from the previous month in about 70% of all local markets, the national increase was overwhelmingly driven by an increase in activity across the Greater Toronto Area (GTA) and environs.

The national average price for homes sold in April was $494,978, up 0.3 per cent from the same month in 2018. Excluding the Greater Vancouver and Greater Toronto Area, two of the country’s most expensive markets, the average price was just over $391,000.

The actual average price for a Canadian home sold in July was $401,585, up five per cent from the same month last year. If you remove Toronto and Vancouver from the equation, the national average drops down to $327,988 and the year-over-year increase is more modest at four per cent.

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According to statistics[1]released today by The Canadian Real Estate Association (CREA), national home sales activity rose nearly two per cent from July to August 2014. Highlights: national home sales rose 1.8% from July to August. Actual (not seasonally adjusted) activity stood 2.1% above August 2013 levels.