Canadian home sales climb higher in May

Ottawa, ON, June 17, 2013 – According to statistics released today by The Canadian Real Estate Association (CREA), national home sales improved in May 2013, building on gains recorded in the previous two months.

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.

The number of home sales processed through the MLS® Systems of real estate Boards and Associations and other cooperative listing systems in Canada rose 3.6 per cent on a month-over-month basis in May 2013, its largest monthly gain in almost two and a half years.

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