Statistics released by the Canadian Real Estate Association (CREA) show national home sales were down between June and July 2021.
Summary:
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National home sales declined by 3.5% on a month-over-month basis in July.
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Actual (not seasonally adjusted) activity declined by 15.2% year-over-year.
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The number of newly listed properties dropped by 8.8% from June to July.
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The MLS® Home Price Index (MLS® HPI) rose 0.6% month-over-month and was up 22.2% year-over-year.
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The actual (not seasonally adjusted) national average sale price posted a 15.6% year-over-year gain in July.
Home sales recorded over Canadian MLS® Systems edged back a further 3.5% on a month-over month basis in July 2021, marking the smallest of four consecutive declines since March. While sales are now down a cumulative 28% from that March peak, Canadian housing markets are still historically quite active.
Access the July 2021 Stats PDF.
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