April home sales up from March, but down from year ago, CREA says
OTTAWA – Canadian home sales were up 2.7 per cent from March to April, boosted by the Vancouver and Toronto markets, according to the Canadian Real Estate Association.
However, sales through the Multiple Listings Service were down 0.3 per cent compared with a year ago and one per cent below the 10-year average.
The national average price for a home sold in April was $409,708, up 7.6 per cent from a year ago.
The aggregate composite MLS Home Price Index was up 5.02 per cent.
The association says the April sales were up compared with March in half of all local housing markets, dominated by a rebound in Vancouver and Toronto.
The national sales-to-new listings ratio was 51.9 per cent in April compared with 52 per cent in March, suggesting the market was in balanced territory.
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