Sunny  Chiu

Sunny Chiu

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RE/MAX IMPACT REALTY BROKERAGE*

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Canadian Real Estate Association Housing Statistics - July 2021

Statistics released by the Canadian Real Estate Association (CREA) show national home sales were down between June and July 2021.

 

Summary: 

  • National home sales declined by 3.5% on a month-over-month basis in July.

  • Actual (not seasonally adjusted) activity declined by 15.2% year-over-year.

  • The number of newly listed properties dropped by 8.8% from June to July.

  • The MLS® Home Price Index (MLS® HPI) rose 0.6% month-over-month and was up 22.2% year-over-year.

  • The actual (not seasonally adjusted) national average sale price posted a 15.6% year-over-year gain in July.

 

Home sales recorded over Canadian MLS® Systems edged back a further 3.5% on a month-over month basis in July 2021, marking the smallest of four consecutive declines since March. While sales are now down a cumulative 28% from that March peak, Canadian housing markets are still historically quite active. 

 

Access the July 2021 Stats PDF.  

 

 

Source & Courtesy : CREA

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