Canadian home sales grow for fourth consecutive month in August, 2018: CREA

The Canadian Real Estate Association (CREA), released national sales statistics for August of 2018 today.

According to the report, “National home sales via Canadian MLS® Systems edged up by 0.9% in August 2018, marking a fourth consecutive monthly gain. However, sales activity is still running below levels in most other months going back to early 2014.

Highlights of CREA’s report

  • National home sales rose 0.9% from July to August.
  • Actual (not seasonally adjusted) activity was down 3.8% from August 2017.
  • The number of newly listed homes was unchanged from July to August.
  • The MLS® Home Price Index (HPI) was up 2.5% year-over-year (y-o-y) in August.
  • The national average sale price edged up 1% y-o-y in August.

Read the entire report on Canadian MLS® sales for August of 2018.

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Norm Fisher

Royal LePage Vidorra