Canadian Real Estate Association reports home sales climbed higher in July

The national average price of a home sold in July was just under $499,000

The Canadian Real Estate Association says home sales in July rose 12.6 per cent compared with the same month last year.

The increase came as sales were up in most of the country’s largest markets, including the B.C.’s Lower Mainland, Calgary, Edmonton, the Greater Toronto Area and Hamilton-Burlington, Ottawa and Montreal.

On a month-over-month basis, sales were up 3.5 per cent compared with June.

The increase in sales came as the number of newly listed homes edged back by 0.4 per cent in July.

READ MORE: CREA reports June home sales down 10.7% from year ago, but up from May

The national sales-to-new listings ratio tightened to 59.8 per cent last month from 57.6 per cent recorded in June.

The national average price of a home sold in July was just under $499,000, up 3.9 per cent from the same month last year.

The Canadian Press

Like us on Facebook and follow us on Twitter.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Harrison village staff drafts plastic ban bylaw

Single-use plastics once again in the crosshairs

Winter Festival Concert rescheduled

HHSE concert was postponed due to bad weather last week

Borrow $8 billion for Fraser Valley rail link, Abbotsford mayor urges province

Henry Braun urges province to borrow billions to connect Abbotsford & Chilliwack to Metro Vancouver

WildSafe program wraps up quiet season for District of Kent, Harrison

Black bears biggest source of calls in the FVRD

Upper Fraser RCMP joins Twitter

Twitter feed once limited to Chilliwack expands

Four things ‘not’ to do if you run into Prince Harry and Meghan in B.C.

Here is a list of some things you definitely should NOT do, according to the BBC

B.C. RCMP spent roughly $750K on massive manhunt for Port Alberni men

Manitoba RCMP helped with 17-day search through the province’s northern terrain

Much-raided Langley animal rescue society loses registered charitable status

Revoked following an audit by Canada Revenue Agency, records show

Future space homes could be made of mushrooms

NASA explores use of fungi to build structures in space

Youth hit with gun butt during fight at Lower Mainland mall

RCMP are investigating the fight between two groups of youths

Weather warning: 80 mm of rain expected overnight in Metro Vancouver

Environment Canada is urging caution when driving

Man killed by police in Lytton called 911, asking to be shot: RCMP

Howard Schantz, also known as Barry Schantz was killed following a standoff at his Lytton home

Canadian public health agencies ramping up preparations in response to new virus

Health officials have said there are no confirmed cases of the emerging coronavirus in Canada

Most Read