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Canadian home sales edge higher in January #yeg #yegre

Ottawa, ON, February 15, 2013 – According to statistics released today by The Canadian Real Estate Association (CREA), national home sales activity edged up on a month-over-month basis in January 2013. National sales activity has held fairly steady after gearing down last August in the wake of tightened mortgage lending rules.

Highlights:

•       National home sales rose 1.3% from December to January.

•       Actual (not seasonally adjusted) activity came in 5.2% under levels in January 2012.

•       The number of newly listed homes rose 1.6% from December to January.

•       The Canadian housing market remains firmly in balanced territory.

•       National average sale price was up 2% year-over-year in January.

•       The MLS® HPI rose 3.1% in January, the smallest gain since April 2011.

The number of home sales processed through the MLS® Systems of real estate Boards and Associations and other cooperative listing systems in Canada edged up 1.3 per cent on a month-over-month basis in January 2013. This marks the fifth month in a row that national sales activity has shown little change from levels in the previous month.

For more information, please contact:

Pierre Leduc
Media Relations / Relations auprés des médias
pleduc@crea.ca

The Canadian Real Estate Association / L’Association canadienne de l’immeuble
200 Catherine Street, 6th Floor / 200, rue Catherine, 6e étage    Ottawa, ON K2P 2K9
Tel/Tél: +1 (613) 237-7111    Fax/Téléc: +1 (613) 234-2567

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