Canadian home sales and new listings up again in June

Statistics released today by the Canadian Real Estate Association (CREA) reveal national home sales and new listings continued to rebound in June 2020.

 

Summary:

  • National home sales rose 63% on a month-over-month (m-o-m) basis in June.

  • Actual (not seasonally adjusted) activity was up 15.2% year-over-year (y-o-y).

  • The number of newly listed properties climbed 49.5% from May to June.

  • Actual (not seasonally adjusted) new supply stood 4.8% above June 2019.

  • The MLS® Home Price Index (HPI) rose 0.5% m-o-m and was up 5.4% y-o-y.

  • 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.

 

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