Canadian Home Sales

Last week the Canadian Real Estate Agency (CREA) released the latest numbers on the Canadian Home Sales. 

Here are the Highlights:

  • National home sales rose 3.6% from April to May.
  • Actual (not seasonally adjusted) activity came in 2.6% below levels in May 2012.
  • The number of newly listed homes was up 1.9% from April to May.
  • The Canadian housing market remains firmly in balanced territory.
  • The national average sale price rose 3.7% on a year-over-year basis in May.
  • The MLS® Home Price Index (HPI) rose 2.3% year-over-year in May.

What does this mean for you the average property owner?  It means good news - these numbers continue to show that owning your own home is a good investment.  

And keeping that home in good state of repair - ultimately affects your return on your investment - get a home inspection to make sure your capitalizing on everything you can.  Call us at 250-339-5371 or 1-800-667-0150.