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Ottawa, ON, August 15, 2017 – According to statistics released today by The Canadian Real Estate Association (CREA), national home sales declined further in July 2017.

Highlights:

  • National home sales fell 2.1% from June to July.
  • Actual (not seasonally adjusted) activity in July stood 11.9% below last July’s level.
  • The number of newly listed homes edged back by 1.8% from June to July.
  • The MLS® Home Price Index (HPI) was up 12.9% year-over-year (y-o-y) in July 2017.
  • The national average sale price edged down by 0.3% y-o-y in July.

The number of homes sold via Canadian MLS® Systems fell 2.1% in July 2017, the fourth consecutive monthly decline. While the monthly decline was about one-third the magnitude of those in May and June, it leaves sales activity 15.3% below the record set in March.

Sales were down from the previous month in close to two-thirds of all local markets, led by the Greater Toronto Area (GTA), Calgary, Halifax-Dartmouth and Ottawa.

Actual (not seasonally...

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