Canadian home sales rise again in August; CREA raises yearly forecast
CREA raised its sales forecast for 2014 to 475,000 homes due to stronger than expected sales in recent months.
The Canadian Real Estate Association says sales through its Multiple Listing Service in August were up 2.1% compared with a year ago.
The gains came as August sales were up in just over half of all local markets, led by Vancouver and Calgary, the association says.
Compared with July, sales were up 1.8%.
The national average price for homes sold in August was $398,618, up 5.3% from a year ago. Excluding Vancouver and Toronto, the average price was $324,738, up 3.9% from a year ago.
CREA also raised its sales forecast for 2014 to 475,000 homes from a June prediction of 463,400, due to stronger than expected sales in recent months.
The new forecast would mean sales would be up 3.8% compared with 2013.
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Contact Laurin Jeffrey for more information – 416-388-1960
Laurin Jeffrey is a Toronto real estate agent with Century 21 Regal Realty.
He did not write these articles, he just reproduces them here for people who
are interested in Toronto real estate. He does not work for any builders.
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