July 15, 2020
Statistics released today by the Canadian Real Estate Association (CREA) reveal national home sales and new listings continued to rebound in June 2020.
Summary:
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National home sales rose 63% on a month-over-month (m-o-m) basis in June.
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Actual (not seasonally adjusted) activity was up 15.2% year-over-year (y-o-y).
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The number of newly listed properties climbed 49.5% from May to June.
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Actual (not seasonally adjusted) new supply stood 4.8% above June 2019.
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The MLS® Home Price Index (HPI) rose 0.5% m-o-m and was up 5.4% y-o-y.
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The actual (not seasonally adjusted) national average sale price posted a 6.5% y-o-y gain.
Home sales recorded over Canadian MLS® Systems in June 2020 rebounded by a further 63%, returning them to normal levels for the month – some 150% above where they were in April.