Vancouver-area home sales led nationwide gains in June: CREA
Posted July 15, 2014 7:27 am.
This article is more than 5 years old.
METRO VANCOUVER (NEWS1130) – Metro Vancouver led the nation in home sales gains last month, according to an industry group.
The Canadian Real Estate Association says the nationwide increase was 11.2 per cent compared to a year earlier, led by Greater Vancouver (29.4%), the Fraser Valley (27%), Calgary, Toronto and Hamilton-Burlington.
It says Vancouver’s activity was the highest in more than three years.
Vancouver and Toronto continue to skew nationwide averages. CREA says without the two cities, the national average home price falls by $77,000 to $336,000, while the average price increase drops 1.7 percentage points to 5.2 per cent.
The average actual, unadjusted selling price for a home in Metro Vancouver rose 4.4 per cent to $797,000.
