Canada national home sales edged lower in December 2015 compared to the previous month, but held above year-ago levels, according to The Canadian Real Estate Association (CREA) released datas.
Highlights of the report:
– National home sales edged back by 0.6% from November to December.
– Actual (not seasonally adjusted) activity was up 10% compared to December 2014.
– The number of newly listed homes rose 2.2% from November to December.
– The Canadian housing market remains balanced overall.
– The MLS® Home Price Index (HPI) rose 7.3% year-over-year in December.
– The national average sale price rose 12% on a year-over-year basis in December; excluding Greater Vancouver and Greater Toronto, it increased by 5.4%.