Canadian home sales fell 0.6 per in May from April, and were down 5.9 per cent on annual basis, according to the latest data from the Canadian Real Estate Association. Canadian home sales fell 0.6 per cent in May from April, and were down 5.9 per cent on an annual basis, according to the latest data from the Canadian Real Estate Association .
The price of an average home in Canada was $699,117 in May, CREA says, down four per cent on an annual basis. CREA’s Home Price Index, which the industry group says is a more accurate price comparison than the median or average price, fell 0.2 per cent on a monthly basis in May."May was another sleepy month for housing activity in Canada, although it may prove to be the last of those now that interest rates have moved lower,” CREA senior economist Shaun Cathcart said in a statement.
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