Close X
Sunday, November 10, 2024
ADVT 
National

Canadian Home Sales Activity Slip In July But Remained At High Levels: CREA

Darpan News Desk The Canadian Press, 14 Aug, 2015 12:28 PM
    OTTAWA — The Canadian Real Estate Association says there were fewer housing resales nationally in July for the second consecutive month, but the number of transactions remained near the highest levels in several years and prices continued to climb.
     
    Overall, CREA says most of the strength in sales in July was focused on Vancouver, Toronto and their surrounding markets.
     
    Last month's decline was largely because of a slight downturn in the Hamilton-Burlington and Durham region areas of southern Ontario after they hit record levels in June, the association said Friday.
     
    Sales in Calgary were down from July 2014, but remained in line with long-term averages, it said.
     
    The national average price for homes of all types sold in July was $437,699 — up 8.9 per cent from the same month last year — although CREA pointed out that the numbers were skewed by Vancouver, Toronto and surrounding areas, particularly B.C.'s Lower Mainland.
     
    "These remain the only places in Canada where home prices are growing strongly,” CREA economist Gregory Klump said.
     
    Excluding Greater Vancouver and Greater Toronto, the country's two most expensive real estate markets, the average home price would be $341.438 and the year-over-year gain 4.1 per cent.
     
    The association's price index was up 5.9 per cent from July 2014, accelerating from a 5.4 per cent increase in June.
     
    Among the markets that saw below-average gains in average prices were Greater Montreal, up 1.7 per cent from July 2104 to $304,900 and Calgary, up 0.14 per cent to $451,400.
     
    Two markets showed a lower average price: Greater Moncton down 1.41 per cent to $149,800 and Regina, down 3.29 per cent to $281,600.

    MORE National ARTICLES

    Nigel Wright, Emails To Fill In The Senate Scandal Blanks At Mike Duffy Trial

    Nigel Wright, Emails To Fill In The Senate Scandal Blanks At Mike Duffy Trial
    The moment has arrived for Nigel Wright to fill in the blanks on his controversial dealings with Sen. Mike Duffy, but the prime minister's former chief of staff won't be the only one with fresh details this week.  

    Nigel Wright, Emails To Fill In The Senate Scandal Blanks At Mike Duffy Trial

    Surrey-Newton MP Jinny Sims Clears Air On Discriminating Job Ad For Punjabi-Speaking Callers

    Sims, who represents the electoral district of Surrey-Newton in the Canadian House of Commons, blamed the subcontractor for the discrepancy

    Surrey-Newton MP Jinny Sims Clears Air On Discriminating Job Ad For Punjabi-Speaking Callers

    Bollywood Monster Mashup: Canada's Biggest South Asian Festival, Draws Record Crowds In Mississauga

    Bollywood Monster Mashup: Canada's Biggest South Asian Festival, Draws Record Crowds In Mississauga
    Mississauga, which is the sixth largest city in Canada and neighbours Toronto, is home to the second biggest concentration of Indians in the country. 

    Bollywood Monster Mashup: Canada's Biggest South Asian Festival, Draws Record Crowds In Mississauga

    B.C. Man Accused Of Killing Uncle Says His Mental Health Not Issue At Trial

    B.C. Man Accused Of Killing Uncle Says His Mental Health Not Issue At Trial
    A man accused of murdering his uncle muttered to himself repeatedly and turned often to stare at people in a B.C. courtroom as details of a grisly killing were revealed.

    B.C. Man Accused Of Killing Uncle Says His Mental Health Not Issue At Trial

    American Blogger's Rape Comments Have 'No Place' In Toronto: Mayor John Tory

    Toronto's mayor is calling for the cancellation of a show by an American blogger who says rape should be legalized on private property.

    American Blogger's Rape Comments Have 'No Place' In Toronto: Mayor John Tory

    Amanda Lindhout, Canadian Survivor Of Somalia Hostage-Taking, Helps Girl Who Survived Brutal Attack

    WINNIPEG — A freelance journalist who was kidnapped in Somalia has joined the growing list of Canadians stepping forward to help out a Manitoba girl who survived a vicious attack of her own.

    Amanda Lindhout, Canadian Survivor Of Somalia Hostage-Taking, Helps Girl Who Survived Brutal Attack