Canadian Real Estate Association reports home sales climbed higher in July

The national average price of a home sold in July was just under $499,000

The Canadian Real Estate Association says home sales in July rose 12.6 per cent compared with the same month last year.

The increase came as sales were up in most of the country’s largest markets, including the B.C.’s Lower Mainland, Calgary, Edmonton, the Greater Toronto Area and Hamilton-Burlington, Ottawa and Montreal.

On a month-over-month basis, sales were up 3.5 per cent compared with June.

The increase in sales came as the number of newly listed homes edged back by 0.4 per cent in July.

READ MORE: CREA reports June home sales down 10.7% from year ago, but up from May

The national sales-to-new listings ratio tightened to 59.8 per cent last month from 57.6 per cent recorded in June.

The national average price of a home sold in July was just under $499,000, up 3.9 per cent from the same month last year.

The Canadian Press

Like us on Facebook and follow us on Twitter.

Just Posted

Federal candidates talk most pressing issues in Revelstoke

Concerns include jobs, logging, climate change, affordable housing, Highway 1

Kootenay-Columbia riding candidates have Canada’s highest expense limit

Facebook data also shows who is buying ads on the social media website

Revelstoke roads and weather: avalanche control planned

Expect 20 min road closures west of Revelstoke on Oct. 21

Competition shakes up for the Okanagan Mixoff

The Okanagan Mixoff takes place Nov. 7 in Kelowna

Woman, 24, faces life-altering injuries after being dragged 4 blocks by vehicle in Vancouver

A gofundme account says the woman will have to undergo multiple complex surgeries

Fatal overdoses down by 33% in B.C., but carfentanil deaths continue to spike

Carfentanil, an illicit drug more powerful than fentanyl, causing more deaths than ever

South Okanagan dangerous offender guilty plea struck down

Trial delayed again because Ronald Teneycke failed to elect his choice of trial

Six bears destroyed in three days in West Kelowna

A West Kelowna business has been charged for leaving garbage around Lake Okanagan Resort

Police standoff ends peacefully in West Kelowna

A distraught man was taken into custody Wednesday afternoon

A year after pot legalization in Canada, it’s a slow roll

It’s one year into Canada’s experiment in legal marijuana, and hundreds of legal pot shops have opened

Most Read