Home sales rise for 5th month in a row in July, prices up 4% in past year

Author: External Author | | Categories: Real Estate Lawyers , Refinance Property

Canada's housing market is showing signs of coming out of the slumber it had been in since mortgage stress tests were implemented last year, as sales and prices have started to rise again, the Canadian Real Estate Association says.

CREA said Thursday that the average price of a Canadian home sold in July was up by 3.9 per cent compared to the same month a year earlier, and the number of homes sold has risen, too, by almost 13 per cent.

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Original Article Source Credits:   CBC , https://www.cbc.ca/

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Link to Original Article:  https://www.cbc.ca/news/business/crea-home-sales-prices-up-july-1.5247892