On a seasonally adjusted basis, home sales across Canada were down almost 6% from May
The Canadian Real Estate Association says home sales across the country fell again in June, but the decreases are smaller than those seen in previous months.
The association says June home sales amounted to 48,176, a 24 per cent drop from 63,280 during the same month last year.The association says larger declines were seen in April and May, but activity in June still fell slightly below average levels. The national average home price in June fell two per cent from the same month last year to $665,849 and, on a seasonally adjusted basis, was down four per cent from May.
New listings climbed by four per cent month-over-month and 10 per cent year-over-year as Montreal saw a spike in supply. Your time is valuable. Have the Top Business Headlines newsletter conveniently delivered to your inbox in the morning or evening.
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