Elevate your local knowledge
Sign up for the iNFOnews newsletter today!
Sales of Canadian homes edge up in April, price index rises slowly
OTTAWA – The number of homes sold last month was slightly better than in March but was down 3.1 per cent from a year ago.
The Canadian Real Estate Association says there were 47,997 homes sold in April, down from 49,553 a year earlier.
On a seasonally adjusted basis, April sales were up 0.6 per cent from March and prices continued to rise — but at a slower pace.
CREA’s home price index rose 2.2 per cent in April from the same month last year, the smallest 12-month gain in more than two years.
Meanwhile, the average price paid in April was $380,588, up 1.3 per cent from a year earlier in April 2012.
The association notes that prices and sales vary significantly from market to market and depending on the type of property sold.
News from © The Canadian Press, . All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Join the Conversation!
Want to share your thoughts, add context, or connect with others in your community?
You must be logged in to post a comment.
