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.

Just Posted

Inquest planned in death of Peter de Groot

It’s been five years since the Slocan man was shot by RCMP

South Okanagan-West Kootenay candidates talk climate change and environment at recent forum

Forum on Tuesday grilled candidates about plan to bring about low carbon emission economy

Celgar says equipment failure won’t affect production next week

The chip dumper collapse on Oct. 6 is still under investigation

‘If we do nothing, the herd will certainly be extirpated’: Caribou maternity pen proposed in Nakusp

The Arrow Lakes Caribou Society is waiting for a response from the province

Scheer, Trudeau, Singh haggle over potential minority government outcome

If you believe the polls, it appears the Liberals and Conservatives are neck-and-neck

‘The more you test, the more you find’: Beef recalls a sign of success, experts say

Despite appearances, experts say a recent rise in major recalls is not a sign of food supply problems

Two years later, City of Fernie remembers

Oct. 17, 2019 marks two years since the tragic ammonia leak at Fernie Memorial Arena

Japanese buyer expands wood pellet contract with B.C.’s Pinnacle

Mitsui and Co. increases contract with Interior energy producer

ELECTION 2019: Have Justin Trudeau’s Liberals really cut middle-class taxes?

Conservative Andrew Scheer vows to cut bottom bracket, NDP’s Jagmeet Singh targets wealth tax

B.C. RCMP officer suing the force for malicious prosecution

Cpl. Tammy Hollingsworth cleared of wrongdoing after misconduct hearing

Talk to your kids about vaping, B.C.’s top doctor says

B.C. health officials have discovered the first vaping-related illness in the province

Alberta truck convoy plans counter-protest at climate rally with Greta Thunberg

United We Roll organizer says similar protest planned for Swedish teen’s event in Edmonton

British family deported after ‘accidental’ U.S. border crossing

U.S. officials deny it was mistake, release video of vehicle crossing into Washington from Langley

Most Read