Canadian Real Estate Sales Make Largest Increase In 2 Years, Still Below Normal – Ellie Pourian

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Price of a home up 10.8 per cent from year ago in Q4: Royal LePage.. sales over $1 million increase 11 per cent year-over-year, while sales in the $1 million-plus real estate market increased.

MONTREAL — Canadian home sales are expected to drop to their lowest level in three years in 2018, driven largely by a decline in Ontario, the Canadian Real Estate Association said Friday.

The number of residential properties sold nationwide fell by 6.2 per cent in May compared to April, the largest month-to-month decline in nearly five years, the Canadian Real Estate Association.

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Some Canadian real estate buyers are blowing off last year’s decline in sales. Canadian Real Estate Association (CREA) numbers show sales made a large increase in May. The rise, while substantial, failed to bring volume to historically significant levels. Last month’s sales still fall short of the average.