June saw slight increase in home sales

By The Canadian Press | July 15, 2019 | Last updated on July 15, 2019
1 min read
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The Canadian Real Estate Association says home sales in June edged higher compared with a year ago, as gains in Greater Toronto and Montreal offset declines in B.C.

The association says sales through its Multiple Listing Service last month were up 0.3% compared with June 2018.

The increase came as the number of newly listed homes edged up 0.8% in June.

On a month-over-month basis, however, home sales were down 0.2% in June.

CREA says stable sales and a slight increase in new listings caused the national sales-to-new listings ratio to ease to 57.1% in June from 57.7% in May.

The national average price for a home sold in June was just under $505,500, up 1.7% from the same month last year.

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