Canadian home sales rise in April

Canadian home sales rise in April

 

According to statistics released today by The Canadian Real Estate Association (CREA), national home sales edged up slightly on a month-over-month basis in April 2013. Activity has generally held to within short reach of current levels for the past nine months.

Highlights:

• National home sales rose 0.6% from March to April.
• Actual (not seasonally adjusted) activity came in 3.1% below levels in April 2012.
• The number of newly listed homes fell 0.9% from March to April.
• The Canadian housing market remains firmly in balanced territory.
• The national average sale price rose 1.3% on a year-over-year basis in April.
• The MLS® HPI rose 2.2% in April, its smallest gain in more than two years.