Money Canada home resales fall in April, lowest in over 5 years: CREA

16:36  15 may  2018
16:36  15 may  2018 Source:   reuters.com

Average house price in Canada fell 11% in past year, CREA says

  Average house price in Canada fell 11% in past year, CREA says The average price of a Canadian home declined by more than 11 per cent in the 12 months up to April, the Canadian Real Estate Association said Tuesday. The realtor group said the number of sales plunged by 13.9 per cent compared with the previous year's level, and fell to the lowest April showing since 2011.April is typically a booming month for home sales, as warmer weather spurs sales. But listings slowed from March's level during the month, coming in 4.8 per cent lower. It was the slowest April for new listings in nine years, CREA said.

MLS Home Price Index - Vancouver. Year - over - year % change in the composite index. 25. from 6.7% in October and this year ’s low of 5 .0% during the February- April interval. 30. Overall, we project home resales in Canada to moderate from 503,000 units Source: CREA , RBC Economics

The gloomier forecast comes as CREA released its latest data on home resales in Canada , showing sales fell 16.9 per cent, year over year, in February. That brings total home sales to their lowest level in nearly five years , CREA noted.

Related video: 5 secrets from real estate insiders [Provided by GoBankingRates]

Resales of Canadian homes fell 2.9 percent in April from March to the lowest level in more than five years, the Canadian Real Estate Association said on Tuesday.

a sign on the side of the road: FILE PHOTO: A woman walks towards a © REUTERS/Mark Blinch/File Photo FILE PHOTO: A woman walks towards a "for sale" sign of a home that has been sold in Toronto

The industry group said actual sales, not seasonally adjusted, fell 13.9 percent, while the group's Home Price Index was up 1.5 percent from April 2017.

(Reporting by Andrea Hopkins; Editing by Chizu Nomiyama)

Carrie Underwood details 'freak accident' that left her with 40 stitches: 'It wasn't pretty' .
Carrie Underwood opened up about her facial injury in her first televised interview since her "freak accident" last fall.Carrie Underwood opened up about her facial injury in her first televised interview since her "freak accident" last fall. The singer stayed out of the spotlight for months as she recovered from the incident, which left her with a broken wrist and roughly 40 stitches.

—   Share news in the SOC. Networks

Topical videos:

This is interesting!