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Canadian home sales rise 0.8% to highest level in four years

posted by The Mortgage Associates    |   July 22, 2014 08:17

Canadian home sales rise 0.8% to highest level in four years

Article by Garry Marr, Financial Post, July 15, 2014

"Canadian existing home sales in June reached their highest monthly level in more than four years as prices continued to rise in some of the country’s hotter markets.

But the housing market is becoming an increasingly local story with the disparity between hot and cold markets growing across Canada, something the Canadian Real Estate Association emphasized in its monthly report on the market

“Sales have improved compared to their slower start earlier this year. That said, there are still important differences in how housing markets are faring depending on location,” said Beth Crosbie, president of CREA, in a release Tuesday."

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