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Ninth Consecutive Drop in Residential Home Sales in Canada in April

Ninth Consecutive Drop in Residential Home Sales in Canada in April

 

Note: The data presented below are not seasonally adjusted so that they can be compared with data published by the QFREB. The Canadian Real Estate Association (CREA) publishes seasonally adjusted data in its monthly news release. As a result, there are certain differences between this document and CREA’s publication.

According to The Canadian Real Estate Association, there were 47,997 MLS® residential sales transactions in Canada in April 2013, a 3.1 per cent decrease compared to April 2012. This was the ninth consecutive decrease in sales, always comparing the month of the current year with the same month of the previous year.

Although MLS® sales in Alberta grew by 5.2 per cent, a slowdown was observed in Québec (-7 per cent), Manitoba (-8.8 per cent), Saskatchewan (-5.2 per cent), Ontario (-3.4 per cent) and, to a lesser extent, British Columbia (-2.2 per cent).

 

Source: The Canadian Real Estate Association

The average price for all residential properties sold in Canada reached $380,588 in April 2013, a 1.3 per cent increase compared to April of last year. The average property price in Alberta, Saskatchewan and Manitoba fell by 3.6 per cent, 4.1 per cent and 3.5 per cent, respectively. In Ontario, the average price increased slightly by 1.1 per cent, while in Québec it grew by 1.6 per cent.

Source: The Canadian Real Estate Association