Apply Now

Canadian Real Estate Association Reports April 2014 Numbers

May 29, 2014

The Canadian Real Estate Association reports that home sales in Canada were trending up from March to April 2014.

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.

If you have any questions about the market or about your mortgage, call us today or send us an e-mail at Info@MonsterMortgage.ca