Canadian property prices up almost 5% year on year, latest index shows
The national average sale price in Canada has increased by almost 5% year on
year and sales are up 3.2% on a monthly basis, according to the latest data from
the Canadian Real Estate Association (CREA).
The actual, not seasonally
adjusted, national average price for homes sold in June 2013 was $386,585, an
increase of 4.8% from the same month last year.
Year on year price
growth picked up for two storey single family homes with a rise of 3% but slowed
for all other benchmark property types tracked by the index. Prices for one
storey single family homes were up 3.1% year on year in June, followed by town
house and terraced properties up 1.6% and apartment units with an increase of
0.4%.
The increase in sales in June was the fourth consecutive monthly
increase, with activity now running 11% above where it stood in February.
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