Ottawa, ON, July 17, 2017 – According to statistics released today by The Canadian Real Estate Association (CREA), national home sales cooled further in June 2017.
- National home sales dropped 6.7% from May to June.
- Actual (not seasonally adjusted) activity in June stood 11.4% below last June’s level.
- The number of newly listed homes edged back by 1.5% from May to June.
- The MLS® Home Price Index (HPI) was up 15.8% year-over-year (y-o-y) in June 2017.
- The national average sale price edged up just 0.4% y-o-y in June.
The number of homes sold via Canadian MLS® Systems fell 6.7% in June 2017, the largest monthly decline since June 2010. With sales having also declined in each of the two previous months, activity in June came in 14.1% below the record set in March.
June sales were down from the previous month in 70% of all local markets, led overwhelmingly by the Greater Toronto Area (GTA). Monthly declines were also posted in all surrounding Greater Golden...