Canadian home sales dipped 0.7% in July, says CREA
Canadian home sales edged back by 0.7 per cent in July, according to the Canadian Real Estate Association.
Housing market momentum hit pause after a solid June
Canadian home sales edged back by 0.7 per cent in July, according to the Canadian Real Estate Association.
The number of newly listed properties increased 0.9 per cent month over month, led by a boost in Calgary.
The national average home sale price (non-seasonally adjusted) was $667,317 in July, marking a 0.2 per cent decline from the same period last year.
Calgary and the Greater Toronto Area saw a decline in home sales, while Edmonton and Hamilton-Burlington saw gains.
The total number of properties listed on Canadian multiple listing service systems was up 22.7 per cent from a year ago, though still 10 per cent below historical averages for July, according to CREA.
More to come.
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