The weather wasn’t the only thing heating up in June. This past month marked the fifth consecutive monthly increase in home sales – the highest the national market has been since March 2010.Check out the breakdown for Canadian average home prices for June 2014.
The Zoocasa team has compiled the average home prices from CREA from all of the provinces and two of the territories, as well as highlighted key cities for the month of June. Check out the interesting figures below:
- National home sales rose 0.8 per cent from May to June led by Greater Vancouver. The GVA hit its highest level of activity in over three years.
- The number of newly listed homes was comparable to May with listings dropping a mere 0.1 per cent.
- The Canadian housing market continues to be balanced with the national sales-to-new listings ratio at 53.6 per cent.
- The actual (not seasonally adjusted) national average price for homes sold in June 2014 was up 6.9 per cent from June 2013 at $413,215.