Ottawa, ON, July 15, 2016 – According to statistics released today by The Canadian Real Estate Association (CREA), national home sales declined further in June 2016.

Highlights:

• National home sales fell 0.9% from May to June.
• Actual (not seasonally adjusted) activity came in 5.2% above June 2015.
• The number of newly listed homes rose 2.2% from May to June.
• The MLS® Home Price Index (HPI) rose 13.6% year-over-year in June.
• The national average sale price climbed 11.2% in June from one year ago; net of Greater Toronto and Greater Vancouver, it advanced 8.4% year-over-year.

The number of homes trading hands via Canadian MLS® Systems fell by 0.9 percent month-over-month in June 2016. Monthly declines in each of the past two months have left sales activity 2.6 percent below the record set in April 2016.

Sales activity was down from the previous month in about half of all markets in June, with declines in Greater Vancouver, the Fraser Valley and Greater Toronto having eclipsed...