Close X
Monday, November 11, 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

    Suzuki Foundation Finds Heavy Metals In Delta Biosolids Sent To Merritt Compost Plant

    Suzuki Foundation Finds Heavy Metals In Delta Biosolids Sent To Merritt Compost Plant
    KAMLOOPS, B.C. — Opponents of the shipment of biosolids to the Nicola Valley near Merritt, B.C., have gained some ammunition, thanks to a recent lab analysis from a well-known environmental group.

    Suzuki Foundation Finds Heavy Metals In Delta Biosolids Sent To Merritt Compost Plant

    Diane Forsyth, Halifax Woman Who Led Class Action In Blood Transfusion Case Dies

    Diane Forsyth, Halifax Woman Who Led Class Action In Blood Transfusion Case Dies
    HALIFAX — A Halifax woman who led a $1.18 billion class-action settlement for those infected with hepatitis C has died.

    Diane Forsyth, Halifax Woman Who Led Class Action In Blood Transfusion Case Dies

    Fans, Colleagues Visit Memorial To Chris Hyndman At CBC Headquarters

    Fans, Colleagues Visit Memorial To Chris Hyndman At CBC Headquarters
    TORONTO — Fans and colleagues descended on CBC headquarters Wednesday to pay their respects to TV star Chris Hyndman.

    Fans, Colleagues Visit Memorial To Chris Hyndman At CBC Headquarters

    SiriusXM 'Fortunate' To Have Ex-CBC Personality Evan Solomon Host Talk Show

    SiriusXM 'Fortunate' To Have Ex-CBC Personality Evan Solomon Host Talk Show
    TORONTO — Evan Solomon, a former CBC personality who was fired over conflict-of-interest allegations, has landed a new job as the host of a political talk show on SiriusXM Canada.

    SiriusXM 'Fortunate' To Have Ex-CBC Personality Evan Solomon Host Talk Show

    Montreal Cabbie Facing Seven Charges After Allegedly Ramming Two People With Car

    Montreal Cabbie Facing Seven Charges After Allegedly Ramming Two People With Car
    A Montreal cabbie who allegedly hit two people on purpose with his vehicle was  arraigned Tuesday on seven charges, including dangerous driving and criminal negligence.

    Montreal Cabbie Facing Seven Charges After Allegedly Ramming Two People With Car

    Montreal SPCA Seizes More Than 550 Exotic Birds

    Montreal SPCA Seizes More Than 550 Exotic Birds
    MONTREAL — More than 550 exotic birds from a pet store and breeding facility have been seized, the Montreal SPCA said Tuesday.

    Montreal SPCA Seizes More Than 550 Exotic Birds