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October 9th - 2007

Resales break more records

According to CREA, resale home transactions in Canada hit a fourth straight monthly record in July, with the average price rising to $332,442, a 13.1 per cent increase over July 2006.

According to CREA, resale home transactions in Canada hit a fourth straight monthly record in July, with the average price rising to $332,442, a 13.1 per cent increase over July 2006. Sales are expected to reach the highest level on record at 514,450 units for the year – a 6.5-per-cent increase over last year.

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