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Canadian home sales climb higher in April, but decline in Lower Mainland

Canadian home sales climb higher in April, but decline in Lower Mainland

OTTAWA – The Canadian Real Estate Association says home sales in April posted their first year-over-year increase since December 2017.

The association says home sales last month were up 4.2 per cent compared with a year ago, when they hit a seven-year low for the month.

The improvement came as gains in Montreal and the Toronto region outweighed a decline in the B.C. Lower Mainland.

On a month-over-month basis, sales through the Multiple Listing Service rose 3.6 per cent in April.

The national average price for homes sold in April was $494,978, up 0.3 per cent from the same month in 2018.

Excluding the Greater Vancouver and Greater Toronto Area, two of the country’s most expensive markets, the average price was just over $391,000.

©2019 The Canadian Press

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