The Canadian Real Estate Association says home sales in July hit a record high as they continued their rebound from the lows of earlier this year when the COVID-19 pandemic froze the market.
CREA says the 62,355 sales in July 2020 marked the highest monthly sales figure on record, with data going back more than 40 years.
Sales in July were up 30.5 per cent compared with the same month a year ago.
Get daily National news
Get daily Canada news delivered to your inbox so you'll never miss the day's top stories.
By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy.
On a month-over-month basis, sales were up 26 per cent.
- Applicants for child care operator licences in Saskatchewan say they’re being denied
- More than $500M likely required annually for Calgary to meet affordable housing targets
- First-ever Saskatchewan commodity showcase connects producers with global buyers
- Montreal-area family hopes daughter’s cancer journey inspires blood donors
-
![]()
Cyclospora outbreak source not confirmed, health officials investigating link to lettuce, greens -
![]()
CN rail train drives through inferno as wildfires ravage northwestern Ontario -
![]()
WestJet flight attendants vote in favour of strike -
![]()
Immigration lawyer reacts as some “Lost Canadians” told to return citizenship certificate
The jump in sales came as the number of newly listed homes climbed by 7.6 per cent in July compared with June.
CREA says the actual national average price for homes sold in July was a record $571,500, up 14.3 per cent from the same month last year.
Comments
Want to discuss? Please read our Commenting Policy first.