Industry News

Existing-home sales break records in Canada

British Columbia, Alberta drive activity in June

Sales of existing homes in Canada sold through the Multiple Listing Service set new monthly and quarterly records, according to June statistics released by The Canadian Real Estate Association. A seasonally adjusted total of 42,162 homes traded hands via MLS in June 2005 – up 4 percent from May. This represents the highest activity level on record for a single month on a national basis, and in the provinces of British Columbia and Alberta. Seasonally adjusted sales activity in June 2005 also surpassed the previous national monthly record – set in March 2004 – by 2.5 percent. Record sales activity in British Columbia and Alberta helped to push national sales to new quarterly sales records in the second quarter of 2005. On a seasonally adjusted basis, second-quarter sales totaled 122,895 – an increase of 8.2 percent from the first quarter and 2.9 percent higher than the previous quarterly record set one year earlier. Quarterly sales records were posted in...

Comments