2023-06-15 14:37:04
(OTTAWA) Residential property sales in Canada soared in May from the same month last year, posting their first annual increase since June 2021, as prices also rose, the Canadian Property Association said Thursday. real estate (ACI).
According to the association, the actual number of homes sold in May rose 1.4% compared to May 2022. Seasonally adjusted, sales for the month of May were up 5.1% compared to those of April.
The number of properties newly listed for sale in May rose 6.8% in May compared to April.
The real average price of properties sold in the country in May was $729,000, which represented a growth of 3.2% compared to May 2022.
CREA said it was the first annual rise in the average property price in a year.
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