Canadian Real Estate Association reports home sales climbed higher in July

The national average price of a home sold in July was just under $499,000

The Canadian Real Estate Association says home sales in July rose 12.6 per cent compared with the same month last year.

The increase came as sales were up in most of the country’s largest markets, including the B.C.’s Lower Mainland, Calgary, Edmonton, the Greater Toronto Area and Hamilton-Burlington, Ottawa and Montreal.

On a month-over-month basis, sales were up 3.5 per cent compared with June.

The increase in sales came as the number of newly listed homes edged back by 0.4 per cent in July.

READ MORE: CREA reports June home sales down 10.7% from year ago, but up from May

The national sales-to-new listings ratio tightened to 59.8 per cent last month from 57.6 per cent recorded in June.

The national average price of a home sold in July was just under $499,000, up 3.9 per cent from the same month last year.

The Canadian Press

Like us on Facebook and follow us on Twitter.

Just Posted

Radium accommodators seek ban on short term rentals

Radium council continues considering how to regulate short term rentals.

Fire claims Fairmont home

Unsuspecting owner opens door on blaze.

First presumptive case of coronavirus identified in the Interior Health region

The woman, in her 30s, travelled from Shanghai and lives in the interior

Robbery with a hammer at Invermere Dairy Queen

Robber makes off with undisclosed amount of cash.

Talking valley politics

Local politicians offered an update on their communities and progess.

Blair says RCMP have met Wet’suwet’en conditions, calls for end to blockades

The Wet’suwet’en’s hereditary chiefs oppose the Coastal GasLink project

Exclusive: Pamela Anderson talks plans for waterfront Ladysmith property after 12-day marriage

Anderson says she can pay her own bills. Peters denies making comments suggesting she can’t

Burger King breaks the mould with new advertising campaign

The company is known for irreverent ad campaigns

Maggie and Tim: B.C. residential school survivor turns to faith, forgiveness in mourning son

A young man’s tragic death and his mother’s survival through hardship

PHOTOS: RCMP call on kids to name latest police puppy recruits

This year’s theme is the letter ‘N,’ and 13 German shephards must be named

B.C., federal ministers plead for meeting Wet’suwet’en dissidents

Scott Fraser, Carolyn Bennett standing by to return to Smithers

B.C. mom’s complaint about ‘R word’ in children’s ministry email sparks review

In 2020, the ‘R’ word shouldn’t be used, Sue Robins says

Federal minister pledges to meet Wet’suwet’en chiefs in B.C. over natural gas pipeline

The Wet’suwet’en hereditary chiefs say they are visiting Mohawk territory

Most Read