Existing home sales edge up in August

Posted: September 16, 2010 in General Information

OTTAWA (September 15, 2010) – National resale housing activity improved in August 2010, according to statistics released by The Canadian Real Estate Association (CREA).

Seasonally adjusted national home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards in August rose 41 per cent from the previous month. This marks the first monthly increase since March 2010. Activity was up most in Ontario and British Columbia, with monthly gains in these two provinces accounting for most of the improvement in national sales activity in August. Seasonally adjusted sales activity either increased or remained stable in over half of all local markets across Canada.

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