Canadian home sales down again in June, but declines are getting smaller
Ottawa, ON, July 15, 2022 – Statistics released today by the Canadian RealEstate Association (CREA) show national home sales were down in June
2022.
Highlights
National home sales fell by 5.6% on a month-over-month basis in June.
Actual (not seasonally adjusted) monthly activity came in 23.9% below
the June record set in 2021.
The number of newly listed properties was up 4.1% month-over-month.
The MLS® Home Price Index (HPI) edged down 1.9% month-overmonth but was still up 14.9% year-over-year. The actual (not seasonally
adjusted) national average sale price posted a 1.8% year-over-year
decline in June.