Saskatoon Mortgage Broker shares article on real estate stats

Saskatoon Mortgage Broker shares article on real estate stats

Article by CREA, September 15, 2014

“Ottawa, ON, September 15, 2014 – According to statistics[1] released today by The Canadian Real Estate Association (CREA), national home sales activity rose nearly two per cent from July to August 2014.

The number of home sales processed through the MLS® Systems of Canadian real estate
Boards and Associations rose 1.8 per cent on a month-over-month basis in August 2014, marking the seventh consecutive monthly increase, and the highest level for sales since January 2010.

Although activity rose in fewer than half of all local housing markets in August, the national tally was fuelled by monthly sales increases in Greater Vancouver, Calgary and Greater Toronto.

“Sales picked up in some of Canada’s most active and expensive real estate markets which fuelled another national increase,” said CREA President Beth Crosbie. “Even so, the national increase in sales does not reflect local trends in many markets across Canada. As always, all real estate is local and whether you’re looking to buy or sell, your local REALTOR® is your best source of information about the housing market where you currently live or might like to in the future.””

To read the full article, please click here.

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