Close X
Monday, November 25, 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

    B.C. Company's Agile Robots Crawling Where Humans Can't

    B.C. Company's Agile Robots Crawling Where Humans Can't
    What started as a fun project for two techies on Vancouver Island more than 25 years ago has now become an industry leader in robotic crawlers.

    B.C. Company's Agile Robots Crawling Where Humans Can't

    Indian-Origin Journalist Adrienne Batra Honoured in Canada

    Indian-Origin Journalist Adrienne Batra Honoured in Canada
    Adrienne Batra, Toronto Sun newspaper's editor-in-chief, received the "Best Journalist Award" on Friday at 'Parvasi Awards' organised by the Parvasi Media Group.

    Indian-Origin Journalist Adrienne Batra Honoured in Canada

    2 Dead After Car Collides With Moose North Of Quebec City

    2 Dead After Car Collides With Moose North Of Quebec City
    The car jumped the median and crashed into a rock wall after striking the animal around midnight in the Laurentides Wildlife Reserve

    2 Dead After Car Collides With Moose North Of Quebec City

    Party Aims To Give People With Disabilities A Chance To Explore Sexuality

    Party Aims To Give People With Disabilities A Chance To Explore Sexuality
    TORONTO — A party meant to give people with disabilities a chance to explore and express their sexuality is shining a spotlight on an enduring and often ignored barrier for those with physical and mental limitations.

    Party Aims To Give People With Disabilities A Chance To Explore Sexuality

    Suspect In Montreal Double Homicide Turns Himself In To Police Saturday Night

    Suspect In Montreal Double Homicide Turns Himself In To Police Saturday Night
    Police released a video of the suspect entering a bar earlier this week, and had described him as dangerous and possibly armed.

    Suspect In Montreal Double Homicide Turns Himself In To Police Saturday Night

    Keystone Pipeline-Maker Braces For Obama Rejection, Already Planning Next Move

    WASHINGTON — The Canadian company involved in the controversy-plagued Keystone XL pipeline project has begun planning its response to an anticipated rejection of the project by U.S. President Barack Obama.

    Keystone Pipeline-Maker Braces For Obama Rejection, Already Planning Next Move