Industry News

Resale real estate activity slows in Canada

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Resale housing activity in Canada's major markets edged down slightly in April compared to the previous month, according to statistics released by The Canadian Real Estate Association. Seasonally adjusted home sales activity via the Multiple Listing Service in Canada's major markets numbered 27,746 units in April 2006 -- a decline of 3.2 percent compared to March. The monthly decline in sales activity was largely due to fewer transactions in Vancouver and Toronto, which more than offset a small monthly increase in activity in Montreal and a number of other markets. Actual (unadjusted) sales activity in April was down 4 percent compared to the month last year. Supported by record sales activity in the first quarter of 2006, transactions for the year-to-date in April were 5.1 percent ahead of levels posted for the first four months of last year. Seasonally adjusted sales surpassed all previous records for the month of April in Calgary, Edmonton, Ottawa, Montreal and Saint John. On ...