Canadian Real Estate Association reports home sales climbed higher in July

The national average price of a home sold in July was just under $499,000

The Canadian Real Estate Association says home sales in July rose 12.6 per cent compared with the same month last year.

The increase came as sales were up in most of the country’s largest markets, including the B.C.’s Lower Mainland, Calgary, Edmonton, the Greater Toronto Area and Hamilton-Burlington, Ottawa and Montreal.

On a month-over-month basis, sales were up 3.5 per cent compared with June.

The increase in sales came as the number of newly listed homes edged back by 0.4 per cent in July.

READ MORE: CREA reports June home sales down 10.7% from year ago, but up from May

The national sales-to-new listings ratio tightened to 59.8 per cent last month from 57.6 per cent recorded in June.

The national average price of a home sold in July was just under $499,000, up 3.9 per cent from the same month last year.

The Canadian Press

Like us on Facebook and follow us on Twitter.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Police recover body of Tofino man near Hot Springs Cove

An RCMP dive team has recovered the body of a Tofino man in his 50s.

Winter hits Tofino and Ucluelet with snow and power outages

Ucluelet’s new public works foreman tackles town’s first snowfall first day on the job.

UPDATED: Itska back in owner’s arms after Oak Bay man returns dog taken from Tofino

Shannon Boothman expects to be reunited with Itska on Sunday

Tofino and Ucluelet’s Top 10 sports and arts stories of 2019

Revisiting the Coast’s best sports and arts newsmakers of the past year.

VIDEO: Nickelback gears up for nostalgia tour

Canadian band joins Stone Temple Pilots for a summer tour that includes just one stop in Canada

Province asks health-care staff to be ‘vigilant’ in screening for possible coronavirus cases

This comes after U.S. health officials confirmed a case of the virus in Washington State

Advocates call hospital parking fees a ‘shakedown’ after learning most Island tickets are waived

Victoria General and Royal Jubilee hospitals among the most ticketed on the Island

University of Victoria tells stories of Holocaust survivors with graphic novels

International storytelling initiative launched first meetings this winter

Boy, 13, arrested after alleged assault involving girl at B.C. middle school

Boy alleged to have used ‘inappropriate levels of force’ to injure the girl

B.C. player becomes only second Canadian to enter Hall of Fame of Baseball

Walker received 76.6 percent of the Baseball Writers of America Association vote

PHOTOS: Heavy snowfall breaks window, causing avalanche into B.C. newsroom office

It was a chaotic start to the week for the Kitimat Northern Sentinel

Most Read