The Canadian Real Estate Association (CREA) says that housing sales in July increased 6.6 percent compared to a year ago, continuing an upward trend after the market had slowed in previous months.
Housing sales increased 3.8 percent in a month base since June, with transactions to 11.2 percent cumulative since March.
“The expected collection of crisis after inflation in the house seems to have finally arrived,” said the senior economist of Crea, Shaun Cathcart, and added the association’s plans to monitor how buyers react to the “outbreak of a new supply that generally appears in the first half of September.”
Crea says that new lists increased 0.1 percent month by month.
There were 202,500 properties listed for sale in Canada at the end of July, 10.1 percent more than a previous year and in line with the long -term average for that time of the year.
The nationally adjusted national average sale price of a house sold in July was $ 672,784, 0.6 percent more than a year ago.
