Property sales edge up in Canada with prices steady
Residential property sales in Canada edged up last month while prices remained steady, according to statistics from the Canadian Real Estate Association. Sales increased by 0.6% in April, month on month and in more than half of all local markets led by gains in Greater Toronto, Winnipeg, Calgary, and Victoria.
Actual, not seasonally adjusted, activity came in 3.1% below levels reported in April 2012, with transactions down on a year on year basis in about 60% of local markets. That compares to a decline of more than 15% in March, with transactions down in more than 90% of all local markets. ‘The Easter holiday and an extra full weekend at the end of the month lowered March sales activity and the absence of these factors in April helped sales for the month,’ said Gregory Klump, CREA’s chief economist. [click to continue…]
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