June 19, 2018
Statistics released today by The Canadian Real Estate Association (CREA) show national home sales were little changed from April to May 2018.
Highlights:
- National home sales edged down 0.1% from April to May.
- Actual (not seasonally adjusted) activity was down 16.2% from May 2017.
- The number of newly listed homes rose 5.1% from April to May.
- The MLS® Home Price Index (HPI) in May was up 1% year-over-year (y-o-y).
- The national average sale price declined by 6.4% y-o-y in May.
National home sales via Canadian MLS® Systems remained little changed in May 2018. Having edged 0.1% lower, it marked the lowest level for national sales activity in more than five years.
CREA Updates Resale Housing Market Forecast
The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards and Associations in 2018 and 2019. Housing market fundamentals remain strong in many parts of the country. Nonetheless, many housing markets continue to struggle in the face of policy headwinds.
Click here for the full report: http://ow.ly/ZYYK30kz2Kp
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