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Canadian home sales climb higher in May

(6/17/2013) - Ottawa, ON, June 17, 2013 – 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 in May 2012.
The number of newly listed homes was up 1.9% from April to May.
The Canadian housing market remains firmly in balanced territory.
The national average sale price rose 3.7% on a year-over-year basis in May.
The MLS® Home Price Index (HPI) rose 2.3% year-over-year in May.

chart of interest01 (E) Read full story

Source: The Canadian Real Estate Association

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