Larger real estate markets in Toronto, Vancouver and Calgary provided significant contributions to the 2.7% increase in home sales from March to April.
Across Canada, the average national price in April for homes sold was $409,708; signifying a 7.6% increase when compared to April 2013.
According to the Canadian Real Estate Association, home sales in the month of April were higher than March’s sales in 50% of local markets; significantly improved by surges in Vancouver and Toronto compared to the month prior (March 2014).
Home sales reported through MLS (Multiple Listings Service) saw a 0.3% decline compared to April 2013 and a 1% decline under the Multiple Listings Service’s ten-year average for monthly sales.
The sales-to-new listings ratio across the nation was 51.9% in April compared with 52% in March, suggesting the Canadian real estate market was in balanced territory.
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