Canadian Home Sales Pick Up In April

OTTAWA — According to statistics released today by The Canadian Real Estate Association (CREA), national home sales activity was up on a month-over-month basis in April 2014.

Highlights:
•    National home sales rose 2.7% from March to April.
•    Actual (not seasonally adjusted) activity stood 0.3% below April 2013 levels.
•    The number of newly listed homes climbed 2.9% from March to April.
•    The Canadian housing market remains in balanced territory.
•    The national average sale price rose 7.6% on a year-over-year basis in April.
•    The MLS(r) Home Price Index (HPI) rose 5.0% year-over-year in April.

The number of home sales processed through the MLS Systems of Canadian real estate Boards and Associations rose 2.7 per cent from March to April 2014. This continues to build on gains recorded in each of the two previous months, marking the third and largest month-over-month increase since last August.