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

    One Person Is Dead, Dozens Injured After Bus Crash On Highway 1 In B.C.

    One Person Is Dead, Dozens Injured After Bus Crash On Highway 1 In B.C.
    One man was killed in a collision between a tour bus carrying dozens of people and a car on a notorious stretch of Highway 1 south of Chase, in B.C.'s Interior, say police and firefighters.

    One Person Is Dead, Dozens Injured After Bus Crash On Highway 1 In B.C.

    Coroner's Jury Rules Deaths Of Two Mill Workers In Burns Lake, B.C., Accidental

    Coroner's Jury Rules Deaths Of Two Mill Workers In Burns Lake, B.C., Accidental
    Forty-five-year-old Robert Luggi and 42-year-old Carl Charlie were working at Babine Forest Products in the community 225 kilometres west of Prince George, when the explosion occurred

    Coroner's Jury Rules Deaths Of Two Mill Workers In Burns Lake, B.C., Accidental

    Stop Abbotsford From Denying Homeless Rights: Lawyer

    Stop Abbotsford From Denying Homeless Rights: Lawyer
    City officials have dumped chicken manure on campsites, said David Wotherspoon, a lawyer with Pivot Legal Society.

    Stop Abbotsford From Denying Homeless Rights: Lawyer

    Bulldozer And Excavator Worth $500,000 Go Missing, B.C. Police Attempt To Dredge Up Suspects

    Bulldozer And Excavator Worth $500,000 Go Missing, B.C. Police Attempt To Dredge Up Suspects
    Police were called out to a site down a forest service road near Tumbler Ridge on July 15.

    Bulldozer And Excavator Worth $500,000 Go Missing, B.C. Police Attempt To Dredge Up Suspects

    'Confusion' And 'Miscommunication' Slowed Vancouver Fuel Spill Response: Report

    'Confusion' And 'Miscommunication' Slowed Vancouver Fuel Spill Response: Report
    The review released Friday also found that Canadian Coast Guard staff were unsure of their roles and a faulty provincial alert system meant the city was not notified until 12 hours later.

    'Confusion' And 'Miscommunication' Slowed Vancouver Fuel Spill Response: Report

    Northern B.C. Man Accused Of Second Degree Murder, Held In Custody

    Northern B.C. Man Accused Of Second Degree Murder, Held In Custody
    FORT NELSON, B.C. — A 22-year-old man from northeastern British Columbia has been charged with second-degree murder.

    Northern B.C. Man Accused Of Second Degree Murder, Held In Custody