CREA says April home sales hit record level

1

OTTAWA – The Canadian Real Estate Association says home sales in April set a new record for the month as they gained 10.3 per cent compared with a year ago.

The industry organization says sales in April were up in about 70 per cent of all local markets compared with a year ago, boosted by markets in B.C. and the Toronto region.

Compared with March, sales were up 3.1 per cent in April.

The national average price for homes sold in April was $508,097, up 13.1 per cent compared with a year ago.

Excluding the Greater Vancouver and Greater Toronto markets, the average price was $369,222, up 8.7 per cent from April 2015.

Newly listed homes were down 0.2 per cent in April compared with March. The national sales-to-new listings ratio rose to 64.5 per cent in April, the ratio’s tightest reading since October 2009.

1 COMMENT

  1. Unbelievable what a handful of greedy realtors did to the real estate market by starting a dirty trend of overpricing homes.
    Many young people will never be able to qualify to buy a home with these ridiculous false values, and even if they somehow managed they could end up losing their shorts when people have had enough and the market crashes leaving these homes worth half of the original purchase price.

Comments are closed.