National home sales rose last month
Posted January 16, 2012 7:20 am.
This article is more than 5 years old.
OTTAWA (NEWS1130) – The Canadian Real Estate Association says national resale housing activity continued to rise in December, up 1.8 per cent compared to the previous month.
The CREA says the December figures represented the fourth consecutive monthly increase in home sales and pushed annual sales to almost 457,000 units, up 2.2 per cent over 2010.
However, the price increase on a national basis in December was relatively modest, up about one per cent compared with December 2010. The association says the number of newly listed homes increased three per cent from November to December, but it says the national resale housing market remains in balanced territory.
Royal LePage Real Estate Services has predicted the price of homes in Canada will continue rising this year, but the hottest markets in Toronto and Vancouver will grow much more slowly than in 2011.
