Canadian Home Sales Rise in August

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National homes sales increased 2.8% from July to August this year, which is an 11.1% increase from August 2012. Sales are forecast to reach 449,900 units in 2013. This represents a decline of one per cent from last year and marks the sixth consecutive year for which activity will have held to within short reach of 450,000 units.

“All real estate is truly local, but sometimes sales trends can change similarly in a large number of markets at the same time due to factors that can affect all markets across Canada,” said CREA President Laura Leyser. Your local REALTOR® remains the best resource for understanding what’s driving the housing market where you live or might like to.”

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