The Canadian Real Estate Association News Release · 2014, marking the sixth consecutive monthly increase and the highest level for sales since March 2010. (Chart A) Sales activity

News ReleaseThe Canadian Real Estate Association

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.

According to statistics1 released today by The Canadian Real Estate Association (CREA), national home sales activity edged up almost one per cent in July 2014 from the previous month.

Highlights: • National home sales rose 0.8% from June to July.• Actual (not seasonally adjusted) activity was 7.2% higher than July 2013 levels.• The number of newly listed homes edged up 0.4% from June to July.• The Canadian housing market remains in balanced territory.• The MLS® Home Price Index (HPI) rose 5.3% year-over-year in July.• The national average sale price rose 5.0% on a year-over-year basis in July.

The number of home sales processed through the MLS® Systems of Canadian real estate Boards and Associations rose 0.8 per cent on a month-over-month basis in July 2014, marking the sixth consecutive monthly increase and the highest level for sales since March 2010. (Chart A)

Sales activity rose in about 60 per cent of all local housing markets in July, led by gains in Victoria, Winnipeg, London and St. Thomas, and Ottawa together with broadly-based increases in Quebec and New Brunswick.

“On the surface, national sales activity in July was similar to what we saw in May and June,” said CREA President Beth Crosbie. “That said, July sales picked up in markets that struggled to gain traction in the spring, while activity eased slightly in some of Canada’s largest urban markets. As always, all real estate is local and whether you’re looking to buy or sell, your local REALTOR® is your best source of information on all the factors driving the market where you currently live or might like to in the future.”

Actual (not seasonally adjusted) activity in July stood 7.2 per cent above levels reported in the same month last year. July sales were up from year-ago levels in about 70 per cent of all local markets, led by Greater Vancouver and Fraser Valley, the Okanagan region, Calgary, Winnipeg, Greater Toronto, Hamilton-Burlington, London and St. Thomas, and Ottawa.

For the year-to-date, sales activity is up 4.7 per cent compared to the first seven months of 2013 and in line with the 10-year average for the period.

The number of newly listed homes edged up 0.4 per cent in July compared to June. The number of markets where new listings rose was equal to the number where they declined. Regina, Winnipeg, Greater Toronto, Windsor-Essex, Ottawa

Canadian home sales edge higher in JulyOttawa, ON, August 15, 2014

1 All figures in this release except price measures are seasonally adjusted unless otherwise noted. Removing normal seasonal variations enables meaningful analysis of monthly changes and fundamental trends.

.Data table available to media upon request, for purposes of reprinting only ٭

Chart A



and Montreal posted the biggest monthly increases in new listings, which offset fewer new listings in Fraser Valley, Calgary and Fredericton.

New listings and sales activity trends have closely tracked each other since February. Many new listings have come on stream in markets with tight supply and continuing demand. As a result, the strength of sales in recent months likely reflects how many properties were snapped up once they finally hit the market following the harsh winter that caused sales and new listings to be deferred.

“Low mortgage interest rates continue to bolster home sales activity,” said Gregory Klump, CREA’s Chief Economist. “With the Bank of Canada widely expected to hold interest rates steady until next year, home purchase financing will remain attractive over the second half 2014 and continue to support Canadian economic growth while waiting for Canadian exports and investment to improve.”

The national sales-to-new listings ratio was 53.6 per cent in July, little changed from 53.4 per cent June and 53.2 per cent in May. This remains firmly entrenched within the range from 40 to 60 per cent that marks balanced market territory. The ratio has remained within short reach of its current level for more than four years, averaging 52.6 per cent since the beginning of 2010.

Just over half of all local markets posted a sales-to-new listings ratio in this range in July. Of the remainder of markets, more than half were sitting above the 60 per cent threshold that marks the border between balanced and seller’s market territory, many of which are found in Alberta and Southern Ontario.

The number of months of inventory is another important measure of the balance between housing supply and demand. It represents the number of months it would take to completely liquidate current inventories at the current rate of sales activity.

There were 6.0 months of inventory nationally at the end of July 2014. This is unchanged from May and June and about half of a month lower compared to where this measure stood at the beginning of the year. As with the sales-to-new listings ratio, the number of months of inventory continues to suggest that Canadian housing markets generally remain well-balanced.

The Aggregate Composite MLS® HPI rose by 5.33 per cent on a year-over-year basis in July. This was little changed from the 5.40 per cent increase recorded in June. Price growth accelerated slightly for single family homes and townhouse/row units while year-over-year growth in apartment prices slowed.

Two-storey single family homes continued to post the biggest year-over-year price gains (+6.32 per cent), followed closely by one-storey single family homes (+5.47 per cent) and townhouse/row units (+5.33 per cent). Price growth for apartment units was comparatively more modest (+3.18 per cent).

Year-over-year price growth varied among local housing markets tracked by the index. As in recent months, the biggest gains were posted by Calgary (+10.48 per cent), Greater Toronto (+7.88 per cent), and Greater Vancouver (+4.44 per cent). (Table 1) .Data table available to media upon request, for purposes of reprinting only ٭

Chart B



The MLS® Home Price Index (MLS® HPI) provides a better gauge of price trends than is possible using averages because it is not affected by changes in the mix of sales activity the way that average price is.

The actual (not seasonally adjusted) national average price for homes sold in July 2014 was $401,585, up five per cent from the same month last year.

The national average price continues to be skewed upward by sales activity in Greater Vancouver and Greater Toronto, which are among Canada’s largest and most expensive housing markets. Excluding these two markets from the calculation, the average price is a relatively more modest $327,988 and the year-over-year increase shrinks to four per cent.

- 30 -

Interactive tables and charts for MLS® Home Price Index data on Composite, Single family homes (including separate indices for one- and two-storey homes), Townhouse/row units, and Apartment units are available at www.homepriceindex.ca/hpi_tool_en.html.

Data table available to media upon request, for purposes of reprinting only.

MLS® Home Price Index

January 2005 = 100 Percentage Change vs.

Composite HPI: July 2014

1 month ago

3 months ago

6 months ago

12 months ago 3 years ago 5 years ago

Aggregate 169.9 0.00 1.43 4.36 5.33 12.52 26.89

Lower Mainland 158.4 -0.06 1.08 3.13 3.46 2.59 17.77

Greater Vancouver 164.8 0.06 1.54 3.58 4.44 2.68 20.82

Fraser Valley 145.0 -0.21 0.00 2.04 1.26 2.84 11.03

Vancouver Island 150.3 0.20 1.21 3.80 2.11 -1.38 1.76

Victoria 140.9 -0.07 0.79 3.22 1.22 -4.80 -1.40

Calgary 211.9 0.28 2.91 7.07 10.48 25.01 28.89

Regina 277.4 -0.47 -1.21 -0.72 -1.56 8.57 26.21

Saskatoon 234.6 0.00 0.47 1.82 1.34 10.97 19.94

Greater Toronto 168.3 0.24 2.12 5.72 7.88 19.45 40.48

Ottawa 149.1 -0.33 0.68 3.11 0.00 3.76 19.28

Greater Montreal 156.0 -0.38 -0.45 1.30 0.52 5.41 19.91

Table 1



PLEASE NOTE: The information contained in this news release combines both major market and national sales information from MLS® Systems from the previous month.

CREA cautions that average price information can be useful in establishing trends over time, but does not indicate actual prices in centres comprised of widely divergent neighbourhoods or account for price differential between geographic areas. Statistical information contained in this report includes all housing types.

MLS® Systems are co-operative marketing systems used only by Canada’s real estate Boards to ensure maximum exposure of properties listed for sale.

The Canadian Real Estate Association (CREA) is one of Canada’s largest single-industry trade associations, representing more than 111,000 REALTORS® working through some 90 real estate Boards and Associations.

Further information can be found at http://crea.ca/statistics.

For more information, please contact:

Pierre Leduc, Media RelationsThe Canadian Real Estate Association

Tel.: 613-237-7111 or 613-884-1460E-mail: [email protected]



Chart 1 Chart 2

Chart 3 Chart 4

Chart 5 Chart 6









July 2014

Jul 2014 Jun 2014monthly

percentage change

Jul 2014 Jul 2013year-over-year

percentage change


percentage change


percentage change

Fraser Valley 644.5 662.5 -2.7 804.4 725.4 10.9 612.6 629.0 -2.6 768.7 691.9 11.1Vancouver 2,261.9 2,353.9 -3.9 2,543.2 2,305.3 10.3 2,211.0 2,290.4 -3.5 2,504.5 2,261.4 10.8Victoria 284.9 268.2 6.2 332.3 280.4 18.5 268.3 251.0 6.9 319.6 270.4 18.2Calgary 1,363.9 1,416.1 -3.7 1,570.9 1,395.7 12.6 1,266.4 1,314.8 -3.7 1,463.9 1,304.1 12.3Edmonton 708.4 713.4 -0.7 891.4 843.5 5.7 592.6 604.3 -1.9 748.3 737.6 1.4Regina 108.1 86.1 25.6 134.0 133.8 0.1 100.9 83.2 21.3 128.2 127.5 0.6Saskatoon 159.3 201.8 -21.1 200.6 199.6 0.5 153.7 191.8 -19.8 197.4 199.6 -1.1Winnipeg 304.5 292.1 4.2 386.9 352.8 9.7 298.6 281.7 6.0 377.7 338.1 11.7Hamilton-Burlington 566.8 521.5 8.7 653.6 498.6 31.1 528.9 493.9 7.1 617.4 474.1 30.2Kitchener-Waterloo 210.8 215.6 -2.2 245.3 269.9 -9.1 197.6 195.8 0.9 227.6 205.4 10.8London and St Thomas 216.4 211.1 2.5 261.4 218.7 19.5 206.1 199.7 3.2 252.1 201.7 25.0Ottawa 455.5 442.0 3.1 528.6 494.1 7.0 446.8 435.7 2.5 524.3 489.9 7.0St. Catharines 71.5 66.4 7.7 82.0 66.8 22.7 63.7 58.6 8.6 76.2 61.4 24.1Sudbury 47.3 48.7 -2.8 61.5 55.3 11.2 42.7 45.8 -6.7 56.7 51.2 10.9Thunder Bay 44.7 44.2 1.0 63.8 57.5 10.9 39.5 39.6 0.0 57.8 54.0 7.0Toronto† 4,590.1 4,520.3 1.5 5,065.3 4,385.2 15.5 4,585.9 4,518.6 1.5 5,065.3 4,385.2 15.5Windsor-Essex 110.4 92.4 19.5 142.4 109.5 30.0 96.8 84.3 14.9 129.6 101.4 27.9Trois Rivières CMA 18.4 15.3 19.9 17.4 15.0 16.1 15.4 14.3 7.2 15.8 13.3 18.9Montreal CMA 1,073.1 1,051.5 2.0 940.5 893.7 5.2 1,015.9 989.0 2.7 882.6 839.6 5.1Gatineau CMA 80.6 69.7 15.7 94.6 90.4 4.6 77.7 65.8 18.1 91.5 82.3 11.3Quebec CMA 153.7 156.3 -1.7 135.8 132.6 2.4 146.4 146.4 0.0 130.0 126.0 3.2Saguenay CMA 22.2 18.9 17.5 20.8 18.0 15.7 21.6 18.3 18.5 20.3 17.5 16.0Sherbrooke CMA 31.7 37.7 -16.0 27.2 31.5 -13.8 29.6 33.9 -12.8 24.9 28.9 -13.9Saint John 32.9 19.6 67.9 39.5 35.7 10.7 30.7 17.9 71.6 37.5 33.2 12.8Halifax-Dartmouth 126.5 117.0 8.1 164.1 149.3 9.9 124.0 113.5 9.2 161.2 144.4 11.6Newfoundland & Labrador 110.2 111.8 -1.5 147.3 145.4 1.3 103.4 105.2 -1.7 140.6 142.5 -1.3Canada 17,636.8 17,519.6 0.7 20,188.5 17,970.4 12.3 16,746.8 16,656.6 0.5 19,276.1 17,132.5 12.5

* in millions of dollars†Detailed data for the Toronto Real Estate Board (TREB) market area can be found at http://www.torontorealestateboard.com/market_news/market_watch/index.htm

1 Total = Residential + Non-residential2 Seasonally adjusted3 Not seasonally adjusted

Source: The Canadian Real Estate Association; data for non-members in Quebec provided by QFREB’s Centris SystemNote: Due to changes in local market boundaries and data collection in the province of Quebec, local market and provincial totals for Quebec and Canada after 2002 are not directly comparable with earlier years.

Dollar Volume over MLS® Systems of Select Canadian Real Estate Boards & Associations

Dollar Volume*

Total1 Residentials.a.2 nsa3 s.a.2 nsa3

July 2014


percentage change


percentage change


percentage change


percentage change

Fraser Valley 1,284 1,325 -3.1 1,615 1,456 10.9 1,221 1,236 -1.2 1,526 1,382 10.4Vancouver 2,740 2,906 -5.7 3,169 3,045 4.1 2,672 2,898 -7.8 3,111 2,986 4.2Victoria 579 526 10.1 681 583 16.8 543 501 8.4 644 560 15.0Calgary 2,866 3,004 -4.6 3,317 3,110 6.7 2,755 2,876 -4.2 3,177 2,976 6.8Edmonton 1,912 1,906 0.3 2,415 2,389 1.1 1,649 1,660 -0.7 2,081 2,136 -2.6Regina 324 284 14.1 401 420 -4.5 313 280 11.8 392 409 -4.2Saskatoon 447 564 -20.7 568 620 -8.4 431 555 -22.3 563 617 -8.8Winnipeg 1,165 1,112 4.8 1,483 1,388 6.8 1,099 1,053 4.4 1,405 1,287 9.2Hamilton-Burlington 1,318 1,279 3.0 1,559 1,288 21.0 1,264 1,232 2.6 1,496 1,237 20.9Kitchener-Waterloo 630 611 3.1 725 689 5.2 589 577 2.1 676 637 6.1London and St Thomas 840 817 2.8 1,014 833 21.7 837 778 7.6 995 800 24.4Ottawa 1,265 1,235 2.4 1,499 1,392 7.7 1,243 1,202 3.4 1,462 1,352 8.1St. Catharines 251 239 5.0 287 256 12.1 238 224 6.3 271 244 11.1Sudbury 197 196 0.5 259 226 14.6 174 181 -3.9 230 206 11.7Thunder Bay 209 211 -0.9 291 293 -0.7 184 189 -2.6 262 260 0.8Toronto† 8,027 8,109 -1.0 9,198 8,544 7.7 8,099 8,105 -0.1 9,198 8,544 7.7Windsor-Essex 528 479 10.2 691 592 16.7 497 446 11.4 650 557 16.7Trois Rivières CMA 101 91 11.0 96 90 6.7 97 85 14.1 89 82 8.5Montreal CMA 3,238 3,194 1.4 2,703 2,648 2.1 3,129 3,068 2.0 2,593 2,548 1.8Gatineau CMA 348 291 19.6 385 339 13.6 327 276 18.5 369 325 13.5Quebec CMA 583 598 -2.5 497 491 1.2 561 566 -0.9 477 469 1.7Saguenay CMA 126 89 41.6 112 98 14.3 115 93 23.7 106 93 14.0Sherbrooke CMA 158 175 -9.7 133 129 3.1 139 150 -7.3 116 116 0.0Saint John 182 128 42.2 223 222 0.5 156 117 33.3 205 196 4.6Halifax-Dartmouth 456 436 4.6 582 568 2.5 437 412 6.1 561 525 6.9Newfoundland & Labrador 396 393 0.8 519 519 0.0 358 367 -2.5 477 494 -3.4Canada 43,969 43,624 0.8 50,948 47,519 7.2 41,476 41,137 0.8 48,000 44,786 7.2

†Detailed data for the Toronto Real Estate Board (TREB) market area can be found at http://www.torontorealestateboard.com/market_news/market_watch/index.htm



Sales Activity over MLS® Systems of Select Canadian Real Estate Boards & Associations

Sales Activity


July 2014


percentage change


percentage change


percentage change


percentage change

Fraser Valley 2,396 2,642 -9.3 2,724 2,777 -1.9 2,155 2,324 -7.3 2,377 2,455 -3.2Vancouver 5,060 5,093 -0.6 5,322 5,281 0.8 4,823 4,832 -0.2 5,115 5,021 1.9Victoria 1,093 1,047 4.4 1,195 1,213 -1.5 979 942 3.9 1,079 1,087 -0.7Calgary 4,506 4,615 -2.4 4,874 4,230 15.2 4,052 4,230 -4.2 4,390 3,801 15.5Edmonton 3,269 3,289 -0.6 3,785 3,701 2.3 2,663 2,660 0.1 3,102 2,949 5.2Regina 822 689 19.3 994 800 24.3 782 653 19.8 950 763 24.5Saskatoon 1,185 1,115 6.3 1,423 1,197 18.9 1,109 1,045 6.1 1,351 1,142 18.3Winnipeg 2,041 1,936 5.4 2,321 2,021 14.8 1,871 1,737 7.7 2,115 1,793 18.0Hamilton-Burlington 1,812 1,871 -3.2 1,968 1,851 6.3 1,678 1,720 -2.4 1,808 1,684 7.4Kitchener-Waterloo 1,192 1,158 2.9 1,300 1,206 7.8 985 937 5.1 1,071 1,006 6.5London and St Thomas 1,752 1,680 4.3 1,979 1,668 18.6 1,526 1,473 3.6 1,727 1,480 16.7Ottawa 2,923 2,776 5.3 3,268 2,906 12.5 2,738 2,626 4.3 3,078 2,767 11.2St. Catharines 445 447 -0.4 497 436 14.0 380 388 -2.1 435 392 11.0Sudbury 545 537 1.5 713 631 13.0 407 415 -1.9 538 499 7.8Thunder Bay 356 357 -0.3 496 442 12.2 285 320 -10.9 423 377 12.2Toronto† 13,853 13,646 1.5 15,187 14,132 7.5 13,813 13,627 1.4 15,187 14,132 7.5Windsor-Essex 1,032 923 11.8 1,213 1,181 2.7 869 758 14.6 1,023 933 9.6Trois Rivières CMA 219 203 7.9 198 177 11.9 184 173 6.4 166 155 7.1Montreal CMA 7,124 6,849 4.0 5,861 5,659 3.6 6,600 6,411 2.9 5,400 5,252 2.8Gatineau CMA 776 834 -7.0 765 759 0.8 699 735 -4.9 686 696 -1.4Quebec CMA 1,186 1,139 4.1 1,016 1,090 -6.8 1,081 1,050 3.0 914 974 -6.2Saguenay CMA 243 256 -5.1 210 242 -13.2 212 233 -9.0 181 218 -17.0Sherbrooke CMA 372 381 -2.4 324 282 14.9 319 326 -2.1 277 234 18.4Saint John 501 529 -5.3 644 604 6.6 388 407 -4.7 479 431 11.1Halifax-Dartmouth 995 1,052 -5.4 1,135 1,186 -4.3 900 932 -3.4 1,001 1,032 -3.0Newfoundland & Labrador 1,170 1,155 1.3 1,504 1,374 9.5 954 935 2.0 1,220 1,081 12.9Canada 87,561 87,264 0.3 96,285 89,881 7.1 77,367 77,023 0.4 84,584 78,712 7.5




New Listings over MLS® Systems of Select Canadian Real Estate Boards & Associations

New Listings


July 2014


percentage change


percentage change


percentage change


percentage change

Fraser Valley 492,407 494,847 -0.5 498,057 498,230 0.0 498,766 500,110 -0.3 503,722 500,668 0.6Vancouver 821,499 802,624 2.4 802,532 757,066 6.0 824,352 803,287 2.6 805,061 757,338 6.3Victoria 487,145 493,138 -1.2 487,918 480,965 1.4 496,339 486,192 2.1 496,282 482,908 2.8Calgary 475,830 469,073 1.4 473,576 448,773 5.5 460,796 456,445 1.0 460,790 438,192 5.2Edmonton 365,850 371,012 -1.4 369,104 353,059 4.5 356,159 358,142 -0.6 359,574 345,335 4.1Regina 323,256 306,254 5.6 334,063 318,496 4.9 323,268 303,244 6.6 327,104 311,759 4.9Saskatoon 353,198 355,737 -0.7 353,198 322,005 9.7 349,883 343,102 2.0 350,699 323,441 8.4Winnipeg 265,306 265,562 -0.1 260,886 254,207 2.6 272,283 272,260 0.0 268,817 262,727 2.3Hamilton-Burlington 416,946 408,145 2.2 419,231 387,108 8.3 409,538 400,661 2.2 412,694 383,240 7.7Kitchener-Waterloo 338,361 370,719 -8.7 338,361 391,744 -13.6 336,647 350,536 -4.0 336,647 322,463 4.4London and St Thomas 254,859 265,359 -4.0 257,771 262,494 -1.8 250,863 260,784 -3.8 253,340 252,072 0.5Ottawa 353,349 354,118 -0.2 352,602 354,947 -0.7 361,233 360,251 0.3 358,600 362,346 -1.0St. Catharines 285,554 277,557 2.9 285,554 260,819 9.5 266,926 261,414 2.1 281,246 251,773 11.7Sudbury 230,853 246,203 -6.2 237,579 244,903 -3.0 243,688 250,634 -2.8 246,633 248,372 -0.7Thunder Bay 204,601 201,228 1.7 219,116 196,148 11.7 208,782 209,920 -0.5 220,471 207,656 6.2Toronto† 561,220 555,835 1.0 550,700 513,246 7.3 560,882 555,930 0.9 550,700 513,246 7.3Windsor-Essex 199,292 194,389 2.5 206,078 184,962 11.4 191,543 186,820 2.5 199,409 181,963 9.6Trois Rivières CMA 181,592 166,868 8.8 n/a n/a - 178,044 169,358 5.1 178,044 161,852 10.0Montreal CMA 337,624 332,742 1.5 n/a n/a - 333,526 325,446 2.5 338,988 329,256 3.0Gatineau CMA 243,463 245,018 -0.6 n/a n/a - 241,946 244,803 -1.2 246,967 251,560 -1.8Quebec CMA 270,213 263,787 2.4 n/a n/a - 272,441 265,471 2.6 274,862 266,371 3.2Saguenay CMA 185,431 202,098 -8.2 n/a n/a - 195,205 209,701 -6.9 192,297 189,002 1.7Sherbrooke CMA 196,100 221,653 -11.5 n/a n/a - 210,014 226,843 -7.4 215,121 251,696 -14.5Saint John 177,029 156,307 13.3 177,029 160,705 10.2 182,918 161,224 13.5 182,918 169,592 7.9Halifax-Dartmouth 280,673 267,331 5.0 281,930 262,781 7.3 284,739 274,201 3.8 287,288 275,046 4.5Newfoundland & Labrador 277,352 282,842 -1.9 283,900 280,230 1.3 290,577 290,165 0.1 294,815 288,517 2.2Canada 398,939 399,625 -0.2 396,257 378,172 4.8 404,490 404,319 0.0 401,585 382,541 5.0

* Weighted residential average prices for Quebec (provided by Québec Federation of Real Estate Boards); does not affect weighted and unweighted national average price calculations. Information on Quebec's weighted average price calculation can be found at: http://www.fciq.ca/immobilier-statistiques-definitions.php†Detailed data for the Toronto Real Estate Board (TREB) market area can be found at http://www.torontorealestateboard.com/market_news/market_watch/index.htm



Average Sale Price over MLS® Systems of Select Canadian Real Estate Boards & Associations

Average Price*


July 2014

Jul 2014 Jun 2014 monthly change Jul 2014 Jul 2013 year-over-year change Jul 2014 Jun 2014 monthly change Jul 2014 Jul 2013 year-over-year

change

Fraser Valley 53.6 50.2 3.4 50.0 43.1 6.9 56.7 53.2 3.5 53.3 45.5 7.8Vancouver 54.2 57.1 -2.9 54.2 43.8 10.4 55.4 60.0 -4.6 55.6 44.8 10.8Victoria 53.0 50.2 2.8 48.8 42.9 5.9 55.5 53.2 2.3 51.9 45.3 6.6Calgary 63.6 65.1 -1.5 67.9 62.9 5.0 68.0 68.0 0.0 71.7 67.3 4.4Edmonton 58.5 58.0 0.5 59.2 53.9 5.3 61.9 62.4 -0.5 64.6 60.5 4.1Regina 39.4 41.2 -1.8 45.5 50.6 -5.1 40.0 42.9 -2.9 46.8 52.3 -5.5Saskatoon 37.7 50.6 -12.9 45.6 49.0 -3.4 38.9 53.1 -14.2 46.9 50.4 -3.5Winnipeg 57.1 57.4 -0.3 59.0 65.6 -6.6 58.7 60.6 -1.9 62.0 68.8 -6.8Hamilton-Burlington 72.7 68.4 4.3 70.3 66.5 3.8 75.3 71.6 3.7 73.2 69.5 3.7Kitchener-Waterloo 52.9 52.8 0.1 50.1 53.6 -3.5 59.8 61.6 -1.8 55.9 58.3 -2.4London and St Thomas 47.9 48.6 -0.7 45.4 45.3 0.1 54.8 52.8 2.0 50.2 49.9 0.3Ottawa 43.3 44.5 -1.2 44.4 45.6 -1.2 45.4 45.8 -0.4 45.6 46.8 -1.2St. Catharines 56.4 53.5 2.9 55.1 52.9 2.2 62.6 57.7 4.9 59.2 56.8 2.4Sudbury 36.1 36.5 -0.4 41.5 44.0 -2.5 42.8 43.6 -0.8 48.6 51.4 -2.8Thunder Bay 58.7 59.1 -0.4 61.5 62.5 -1.0 64.6 59.1 5.5 68.6 70.7 -2.1Toronto† 57.9 59.4 -1.5 58.5 53.4 5.1 58.6 59.5 -0.9 58.5 53.4 5.1Windsor-Essex 51.2 51.9 -0.7 50.4 48.4 2.0 57.2 58.8 -1.6 57.5 55.2 2.3Trois Rivières CMA 46.1 44.8 1.3 47.1 47.4 -0.3 52.7 49.1 3.6 50.2 49.5 0.7Montreal CMA 45.5 46.6 -1.1 44.9 46.2 -1.3 47.4 47.9 -0.5 46.1 47.3 -1.2Gatineau CMA 44.8 34.9 9.9 38.8 43.3 -4.5 46.8 37.6 9.2 40.7 44.9 -4.2Quebec CMA 49.2 52.5 -3.3 46.8 48.9 -2.1 51.9 53.9 -2.0 48.7 50.9 -2.2Saguenay CMA 51.9 34.8 17.1 41.0 48.2 -7.2 54.2 39.9 14.3 43.3 51.3 -8.0Sherbrooke CMA 42.5 45.9 -3.4 43.9 47.3 -3.4 43.6 46.0 -2.4 45.2 49.8 -4.6Saint John 36.3 24.2 12.1 30.8 32.3 -1.5 40.2 28.7 11.5 34.6 38.2 -3.6Halifax-Dartmouth 45.8 41.4 4.4 42.3 45.7 -3.4 48.6 44.2 4.4 45.5 49.5 -4.0Newfoundland & Labrador 33.8 34.0 -0.2 35.2 39.1 -3.9 37.5 39.3 -1.8 39.6 44.1 -4.5Canada 50.2 50.0 0.2 50.1 47.9 2.2 53.6 53.4 0.2 53.3 51.0 2.3

*Actual (not seasonally adjusted) data for sales-to-new listings ratios are based on a 12-month moving average†Detailed data for the Toronto Real Estate Board (TREB) market area can be found at http://www.torontorealestateboard.com/market_news/market_watch/index.htm



Sales as a Percentage of New Listings over MLS® Systems of Select Canadian Real Estate Boards & Associations

Sales as a Percentage of New Listings*


July 2014Year to date

Jul 2014 YTD Jul 2013 YTD percentage change Jul 2014 YTD Jul 2013 YTD percentage

change Jul 2014 YTD Jul 2013 YTD percentage change Jul 2014 YTD Jul 2013 YTD percentage

change

Fraser Valley 4,419.8 3,593.4 23.0 4,838.4 3,989.6 21.3 4,223.1 3,383.9 24.8 4,637.9 3,759.3 23.4Vancouver 15,065.2 11,627.7 29.6 16,533.0 13,029.2 26.9 14,886.8 11,425.4 30.3 16,247.6 12,754.6 27.4Victoria 1,812.2 1,601.2 13.2 2,007.5 1,765.6 13.7 1,744.9 1,551.8 12.4 1,935.4 1,713.1 13.0Calgary 9,454.7 7,881.4 20.0 10,497.5 8,700.7 20.7 8,762.8 7,273.2 20.5 9,802.3 8,082.5 21.3Edmonton 4,735.3 4,389.0 7.9 5,285.5 4,824.9 9.5 4,054.9 3,808.1 6.5 4,549.7 4,218.8 7.8Regina 687.0 697.8 -1.5 753.2 763.3 -1.3 648.9 647.3 0.3 711.1 702.5 1.2Saskatoon 1,219.4 1,084.6 12.4 1,315.5 1,164.0 13.0 1,166.1 1,054.7 10.6 1,274.5 1,144.3 11.4Winnipeg 1,998.6 1,906.7 4.8 2,145.1 2,033.6 5.5 1,932.0 1,833.9 5.3 2,088.4 1,963.6 6.4Hamilton-Burlington 3,458.0 3,085.6 12.1 3,827.6 3,400.8 12.5 3,264.2 2,890.8 12.9 3,637.6 3,209.9 13.3Kitchener-Waterloo 1,385.3 1,443.6 -4.0 1,560.3 1,582.4 -1.4 1,231.9 1,248.0 -1.3 1,396.9 1,379.5 1.3London and St Thomas 1,320.7 1,236.8 6.8 1,482.1 1,359.7 9.0 1,223.7 1,146.7 6.7 1,386.6 1,270.6 9.1Ottawa 2,978.0 2,975.7 0.1 3,347.3 3,320.5 0.8 2,929.6 2,934.4 -0.2 3,311.7 3,285.7 0.8St. Catharines 459.1 413.5 11.0 490.2 441.4 11.1 407.6 374.7 8.8 439.5 403.7 8.9Sudbury 330.5 342.7 -3.6 359.6 369.7 -2.7 303.2 321.6 -5.7 331.9 348.0 -4.6Thunder Bay 275.0 247.7 11.0 286.4 255.5 12.1 255.4 224.3 13.8 265.7 234.4 13.3Toronto† 29,400.7 26,255.6 12.0 32,804.0 28,973.1 13.2 29,385.1 26,224.4 12.1 32,804.0 28,973.1 13.2Windsor-Essex 614.9 613.7 0.2 654.8 637.3 2.7 545.6 558.5 -2.3 591.1 584.2 1.2Trois Rivières CMA 115.3 100.8 14.4 131.5 114.9 14.5 102.7 87.5 17.4 120.7 101.2 19.3Montreal CMA 7,082.3 7,220.2 -1.9 8,015.9 8,157.0 -1.7 6,696.6 6,830.7 -2.0 7,636.9 7,759.3 -1.6Gatineau CMA 482.9 534.9 -9.7 540.5 599.0 -9.8 462.3 507.2 -8.9 520.7 576.8 -9.7Quebec CMA 1,039.6 1,087.1 -4.4 1,161.9 1,201.1 -3.3 982.0 1,009.5 -2.7 1,103.9 1,128.3 -2.2Saguenay CMA 131.2 149.2 -12.0 150.7 167.5 -10.0 127.1 141.4 -10.1 148.5 160.7 -7.6Sherbrooke CMA 243.7 250.0 -2.5 263.1 266.2 -1.2 216.2 224.9 -3.9 233.6 245.2 -4.8Saint John 164.8 187.4 -12.1 168.5 192.7 -12.6 150.5 166.4 -9.5 156.5 172.3 -9.2Halifax-Dartmouth 783.3 858.7 -8.8 881.0 952.6 -7.5 753.4 831.6 -9.4 854.1 923.5 -7.5Newfoundland & Labrador 742.2 748.0 -0.8 665.2 672.8 -1.1 688.8 717.7 -4.0 627.0 647.5 -3.2Canada 115,105.5 103,301.5 11.4 126,932.4 113,368.2 12.0 109,613.1 98,229.4 11.6 121,356.7 108,149.4 12.2

* in millions of dollars†Detailed data for the Toronto Real Estate Board (TREB) market area can be found at http://www.torontorealestateboard.com/market_news/market_watch/index.htm



Dollar Volume over MLS® Systems of Select Canadian Real Estate Boards & Associations

Dollar Volume*





change

Fraser Valley 8,736 7,490 16.6 9,519 8,186 16.3 8,261 7,018 17.7 9,034 7,690 17.5Vancouver 18,958 15,706 20.7 20,469 17,246 18.7 18,569 15,283 21.5 20,055 16,826 19.2Victoria 3,695 3,368 9.7 4,068 3,692 10.2 3,516 3,215 9.4 3,900 3,536 10.3Calgary 20,055 17,589 14.0 22,168 19,322 14.7 19,142 16,866 13.5 21,261 18,502 14.9Edmonton 12,813 12,504 2.5 14,209 13,649 4.1 11,335 11,135 1.8 12,591 12,198 3.2Regina 2,144 2,171 -1.2 2,305 2,312 -0.3 2,064 2,107 -2.0 2,231 2,240 -0.4Saskatoon 3,539 3,286 7.7 3,821 3,522 8.5 3,429 3,200 7.2 3,730 3,447 8.2Winnipeg 7,484 7,418 0.9 7,958 7,819 1.8 7,121 6,915 3.0 7,556 7,301 3.5Hamilton-Burlington 8,458 7,962 6.2 9,263 8,669 6.9 8,099 7,578 6.9 8,932 8,298 7.6Kitchener-Waterloo 3,989 4,142 -3.7 4,425 4,496 -1.6 3,693 3,844 -3.9 4,111 4,205 -2.2London and St Thomas 5,139 4,917 4.5 5,669 5,334 6.3 4,901 4,707 4.1 5,449 5,124 6.3Ottawa 8,329 8,441 -1.3 9,265 9,309 -0.5 8,102 8,186 -1.0 9,044 9,074 -0.3St. Catharines 1,615 1,567 3.1 1,740 1,689 3.0 1,515 1,485 2.0 1,632 1,602 1.9Sudbury 1,366 1,443 -5.3 1,439 1,514 -5.0 1,222 1,309 -6.6 1,302 1,381 -5.7Thunder Bay 1,389 1,320 5.2 1,412 1,351 4.5 1,240 1,154 7.5 1,264 1,191 6.1Toronto† 52,650 50,920 3.4 58,110 55,497 4.7 52,599 50,865 3.4 58,110 55,497 4.7Windsor-Essex 3,167 3,370 -6.0 3,369 3,499 -3.7 2,955 3,139 -5.9 3,160 3,281 -3.7Trois Rivières CMA 700 588 19.0 783 677 15.7 640 551 16.2 735 637 15.4Montreal CMA 21,400 22,000 -2.7 24,353 25,255 -3.6 20,572 21,150 -2.7 23,618 24,456 -3.4Gatineau CMA 1,993 2,161 -7.8 2,246 2,479 -9.4 1,929 2,081 -7.3 2,138 2,357 -9.3Quebec CMA 3,930 3,900 0.8 4,394 4,428 -0.8 3,723 3,689 0.9 4,202 4,225 -0.5Saguenay CMA 683 783 -12.8 803 908 -11.6 673 711 -5.3 774 843 -8.2Sherbrooke CMA 1,068 1,111 -3.9 1,175 1,223 -3.9 949 1,003 -5.4 1,060 1,124 -5.7Saint John 997 1,109 -10.1 1,029 1,134 -9.3 875 954 -8.3 917 989 -7.3Halifax-Dartmouth 2,902 3,207 -9.5 3,211 3,508 -8.5 2,700 3,002 -10.1 3,043 3,318 -8.3Newfoundland & Labrador 2,640 2,773 -4.8 2,367 2,463 -3.9 2,393 2,530 -5.4 2,146 2,263 -5.2Canada 289,500 278,699 3.9 315,259 301,959 4.4 272,207 261,536 4.1 298,041 284,742 4.7




Sales Activity over MLS® Systems of Select Canadian Real Estate Boards & Associations

Sales Activity





change

Fraser Valley 17,766 17,080 4.0 20,210 19,486 3.7 15,812 15,068 4.9 18,085 17,314 4.5Vancouver 34,910 33,321 4.8 40,425 39,023 3.6 33,190 31,516 5.3 38,665 37,241 3.8Victoria 7,675 7,467 2.8 8,899 8,639 3.0 6,856 6,654 3.0 8,016 7,761 3.3Calgary 29,483 27,882 5.7 34,505 31,772 8.6 26,759 24,851 7.7 31,327 28,360 10.5Edmonton 22,560 22,543 0.1 26,190 25,654 2.1 18,254 17,876 2.1 21,201 20,342 4.2Regina 4,997 4,307 16.0 5,676 4,891 16.0 4,699 4,081 15.1 5,366 4,634 15.8Saskatoon 7,663 6,613 15.9 8,605 7,482 15.0 7,276 6,339 14.8 8,163 7,117 14.7Winnipeg 12,931 11,501 12.4 14,369 12,678 13.3 11,685 10,222 14.3 12,937 11,219 15.3Hamilton-Burlington 12,147 11,971 1.5 13,679 13,320 2.7 11,162 10,930 2.1 12,669 12,223 3.6Kitchener-Waterloo 7,928 7,583 4.5 8,970 8,575 4.6 6,563 6,468 1.5 7,518 7,357 2.2London and St Thomas 11,310 10,870 4.0 12,698 12,132 4.7 9,790 9,485 3.2 11,078 10,648 4.0Ottawa 19,197 18,563 3.4 22,152 21,154 4.7 18,077 17,580 2.8 20,992 20,112 4.4St. Catharines 2,961 2,982 -0.7 3,292 3,286 0.2 2,574 2,614 -1.5 2,869 2,875 -0.2Sudbury 3,460 3,335 3.7 3,939 3,732 5.5 2,669 2,612 2.2 3,050 2,915 4.6Thunder Bay 2,285 2,145 6.5 2,587 2,331 11.0 1,826 1,687 8.2 2,078 1,845 12.6Toronto† 90,753 93,454 -2.9 102,752 103,586 -0.8 90,657 93,502 -3.0 102,752 103,586 -0.8Windsor-Essex 6,360 6,796 -6.4 7,050 7,461 -5.5 5,213 5,589 -6.7 5,780 6,104 -5.3Trois Rivières CMA 1,397 1,324 5.5 1,496 1,413 5.9 1,218 1,170 4.1 1,315 1,264 4.0Montreal CMA 48,332 48,174 0.3 52,524 52,128 0.8 45,208 45,214 0.0 49,385 49,218 0.3Gatineau CMA 5,356 5,149 4.0 6,094 5,812 4.9 4,890 4,724 3.5 5,507 5,301 3.9Quebec CMA 8,282 8,257 0.3 8,971 8,866 1.2 7,529 7,485 0.6 8,260 8,121 1.7Saguenay CMA 1,658 1,753 -5.4 1,875 1,938 -3.3 1,485 1,529 -2.9 1,695 1,729 -2.0Sherbrooke CMA 2,460 2,322 5.9 2,620 2,454 6.8 2,134 1,960 8.9 2,319 2,113 9.7Saint John 3,297 3,427 -3.8 3,896 3,948 -1.3 2,584 2,484 4.0 3,007 2,845 5.7Halifax-Dartmouth 7,046 7,280 -3.2 8,136 8,362 -2.7 6,189 6,282 -1.5 7,187 7,291 -1.4Newfoundland & Labrador 7,708 7,115 8.3 8,457 7,867 7.5 6,244 5,741 8.8 6,832 6,321 8.1Canada 584,653 575,806 1.5 663,645 647,080 2.6 516,490 507,025 1.9 588,322 570,965 3.0




New Listings over MLS® Systems of Select Canadian Real Estate Boards & Associations

New Listings





change

Fraser Valley 501,256 476,391 5.2 508,288 487,375 4.3 506,928 478,996 5.8 513,380 488,855 5.0Vancouver 800,393 746,683 7.2 807,707 755,490 6.9 803,381 749,778 7.1 810,150 758,027 6.9Victoria 486,259 470,779 3.3 493,474 478,215 3.2 493,394 477,570 3.3 496,244 484,475 2.4Calgary 469,273 446,189 5.2 473,542 450,302 5.2 455,423 431,487 5.5 461,046 436,843 5.5Edmonton 368,087 349,570 5.3 371,985 353,495 5.2 356,774 341,006 4.6 361,347 345,863 4.5Regina 323,671 323,833 -0.1 326,755 330,126 -1.0 315,829 308,349 2.4 318,727 313,600 1.6Saskatoon 343,301 328,968 4.4 344,290 330,504 4.2 341,085 330,771 3.1 341,680 331,961 2.9Winnipeg 265,105 254,863 4.0 269,547 260,081 3.6 271,746 264,284 2.8 276,394 268,950 2.8Hamilton-Burlington 406,424 385,014 5.6 413,209 392,295 5.3 400,049 378,276 5.8 407,258 386,827 5.3Kitchener-Waterloo 350,893 351,459 -0.2 352,604 351,965 0.2 338,654 327,317 3.5 339,796 328,072 3.6London and St Thomas 258,190 251,887 2.5 261,448 254,915 2.6 250,742 244,109 2.7 254,466 247,964 2.6Ottawa 353,811 348,897 1.4 361,290 356,699 1.3 359,254 355,124 1.2 366,181 362,095 1.1St. Catharines 278,758 261,041 6.8 281,707 261,310 7.8 268,014 251,400 6.6 269,288 251,996 6.9Sudbury 243,600 239,101 1.9 249,897 244,205 2.3 249,817 247,195 1.1 254,902 252,014 1.1Thunder Bay 195,149 184,933 5.5 202,855 189,111 7.3 203,539 192,018 6.0 210,172 196,793 6.8Toronto† 553,425 511,828 8.1 564,516 522,066 8.1 553,565 511,993 8.1 564,516 522,066 8.1Windsor-Essex 192,119 182,255 5.4 194,352 182,140 6.7 183,630 176,869 3.8 187,042 178,049 5.1Trois Rivières CMA 168,126 169,038 -0.5 n/a n/a - 165,353 158,906 4.1 164,822 158,796 3.8Montreal CMA 333,035 326,650 2.0 n/a n/a - 328,989 323,813 1.6 327,680 322,877 1.5Gatineau CMA 238,927 240,027 -0.5 n/a n/a - 241,496 241,232 0.1 242,617 244,162 -0.6Quebec CMA 265,112 270,235 -1.9 n/a n/a - 264,347 267,473 -1.2 263,657 267,913 -1.6Saguenay CMA 185,471 184,246 0.7 n/a n/a - 190,351 189,923 0.2 192,124 191,285 0.4Sherbrooke CMA 228,493 224,058 2.0 n/a n/a - 227,407 224,619 1.2 221,005 218,750 1.0Saint John 162,676 167,163 -2.7 163,722 169,972 -3.7 170,113 171,917 -1.0 170,640 174,265 -2.1Halifax-Dartmouth 269,420 267,063 0.9 274,355 271,560 1.0 275,944 275,127 0.3 280,681 278,317 0.8Newfoundland & Labrador 279,756 273,089 2.4 281,041 273,177 2.9 291,602 286,205 1.9 292,156 286,103 2.1Canada 396,141 368,618 7.5 402,629 375,443 7.2 401,009 373,126 7.5 407,181 379,816 7.2

* Weighted residential average prices for Quebec (provided by Québec Federation of Real Estate Boards); does not affect weighted and unweighted national average price calculations. Information on Quebec's weighted average price calculation can be found at: http://www.fciq.ca/immobilier-statistiques-definitions.php†Detailed data for the Toronto Real Estate Board (TREB) market area can be found at http://www.torontorealestateboard.com/market_news/market_watch/index.htm



Average Sale Price over MLS® Systems of Select Canadian Real Estate Boards & Associations

Average Price*



Jul 2014 YTD Jul 2013 YTD change Jul 2014 YTD Jul 2013 YTD change Jul 2014 YTD Jul 2013 YTD change Jul 2014 YTD Jul 2013 YTD change

Fraser Valley 49.2 43.9 5.3 47.1 42.0 5.1 52.2 46.6 5.6 50.0 44.4 5.6Vancouver 54.3 47.1 7.2 50.6 44.2 6.4 55.9 48.5 7.4 51.9 45.2 6.7Victoria 48.1 45.1 3.0 45.7 42.7 3.0 51.3 48.3 3.0 48.7 45.6 3.1Calgary 68.0 63.1 4.9 64.2 60.8 3.4 71.5 67.9 3.6 67.9 65.2 2.7Edmonton 56.8 55.5 1.3 54.3 53.2 1.1 62.1 62.3 -0.2 59.4 60.0 -0.6Regina 42.9 50.4 -7.5 40.6 47.3 -6.7 43.9 51.6 -7.7 41.6 48.3 -6.7Saskatoon 46.2 49.7 -3.5 44.4 47.1 -2.7 47.1 50.5 -3.4 45.7 48.4 -2.7Winnipeg 57.9 64.5 -6.6 55.4 61.7 -6.3 60.9 67.6 -6.7 58.4 65.1 -6.7Hamilton-Burlington 69.6 66.5 3.1 67.7 65.1 2.6 72.6 69.3 3.3 70.5 67.9 2.6Kitchener-Waterloo 50.3 54.6 -4.3 49.3 52.4 -3.1 56.3 59.4 -3.1 54.7 57.2 -2.5London and St Thomas 45.4 45.2 0.2 44.6 44.0 0.6 50.1 49.6 0.5 49.2 48.1 1.1Ottawa 43.4 45.5 -2.1 41.8 44.0 -2.2 44.8 46.6 -1.8 43.1 45.1 -2.0St. Catharines 54.5 52.5 2.0 52.9 51.4 1.5 58.9 56.8 2.1 56.9 55.7 1.2Sudbury 39.5 43.3 -3.8 36.5 40.6 -4.1 45.8 50.1 -4.3 42.7 47.4 -4.7Thunder Bay 60.8 61.5 -0.7 54.6 58.0 -3.4 67.9 68.4 -0.5 60.8 64.6 -3.8Toronto† 58.0 54.5 3.5 56.6 53.6 3.0 58.0 54.4 3.6 56.6 53.6 3.0Windsor-Essex 49.8 49.6 0.2 47.8 46.9 0.9 56.7 56.2 0.5 54.7 53.8 0.9Trois Rivières CMA 50.1 44.4 5.7 52.3 47.9 4.4 52.5 47.1 5.4 55.9 50.4 5.5Montreal CMA 44.3 45.7 -1.4 46.4 48.4 -2.0 45.5 46.8 -1.3 47.8 49.7 -1.9Gatineau CMA 37.2 42.0 -4.8 36.9 42.7 -5.8 39.4 44.1 -4.7 38.8 44.5 -5.7Quebec CMA 47.5 47.2 0.3 49.0 49.9 -0.9 49.4 49.3 0.1 50.9 52.0 -1.1Saguenay CMA 41.2 44.7 -3.5 42.8 46.9 -4.1 45.3 46.5 -1.2 45.7 48.8 -3.1Sherbrooke CMA 43.4 47.8 -4.4 44.8 49.8 -5.0 44.5 51.2 -6.7 45.7 53.2 -7.5Saint John 30.2 32.4 -2.2 26.4 28.7 -2.3 33.9 38.4 -4.5 30.5 34.8 -4.3Halifax-Dartmouth 41.2 44.1 -2.9 39.5 42.0 -2.5 43.6 47.8 -4.2 42.3 45.5 -3.2Newfoundland & Labrador 34.3 39.0 -4.7 28.0 31.3 -3.3 38.3 44.1 -5.8 31.4 35.8 -4.4Canada 49.5 48.4 1.1 47.5 46.7 0.8 52.7 51.6 1.1 50.7 49.9 0.8




Sales as a Percentage of New Listings over MLS® Systems of Select Canadian Real Estate Boards & Associations

Sales as a Percentage of New Listings


July 2014


percentage change


percentage change


percentage change


percentage change

British Columbia 4,101.8 4,219.0 -2.8 4,840.6 4,266.5 13.5 3,908.0 3,998.8 -2.3 4,655.5 4,087.9 13.9Alberta 2,639.2 2,703.0 -2.4 3,165.3 2,848.2 11.1 2,374.3 2,438.9 -2.6 2,845.6 2,602.1 9.4Saskatchewan 353.4 382.4 -7.6 434.3 450.9 -3.7 334.2 357.2 -6.4 420.6 428.6 -1.9Manitoba 333.4 328.9 1.4 422.2 394.4 7.0 324.8 318.7 1.9 410.8 378.8 8.4Ontario 8,044.4 7,799.8 3.1 9,179.1 7,956.1 15.4 7,781.9 7,592.6 2.5 8,942.1 7,711.1 16.0Quebec 1,732.2 1,691.7 2.4 1,587.1 1,518.4 4.5 1,620.6 1,580.6 2.5 1,476.0 1,416.2 4.2New Brunswick 106.0 80.8 31.3 131.8 114.5 15.2 95.8 75.7 26.5 120.0 107.5 11.6Nova Scotia 180.0 167.7 7.3 234.8 225.6 4.1 170.0 158.0 7.6 222.7 211.2 5.4Prince Edward Island 21.6 20.6 4.8 27.4 31.9 -14.2 17.5 17.7 -1.5 23.9 28.2 -15.4Newfoundland & Labrador 110.2 111.8 -1.5 147.3 145.4 1.3 103.4 105.2 -1.7 140.6 142.5 -1.3Northwest Territories 8.6 6.1 41.5 11.8 8.5 38.9 10.7 5.6 90.1 11.8 8.5 38.9Yukon 5.9 7.8 -24.6 6.7 10.0 -32.5 5.5 7.5 -25.9 6.4 10.0 -35.7Canada 17,636.8 17,519.6 0.7 20,188.5 17,970.4 12.3 16,746.8 16,656.6 0.5 19,276.1 17,132.5 12.5


percentage change


percentage change


percentage change


percentage change

British Columbia 7,442 7,602 -2.1 9,043 8,118 11.4 6,950 7,135 -2.6 8,493 7,650 11.0Alberta 6,480 6,573 -1.4 7,805 7,373 5.9 5,979 6,099 -2.0 7,194 6,853 5.0Saskatchewan 1,153 1,254 -8.1 1,414 1,555 -9.1 1,100 1,197 -8.1 1,380 1,503 -8.2Manitoba 1,297 1,280 1.3 1,646 1,601 2.8 1,222 1,208 1.2 1,555 1,486 4.6Ontario 18,864 18,561 1.6 22,409 20,519 9.2 18,162 17,751 2.3 21,447 19,572 9.6Quebec 6,611 6,393 3.4 5,927 5,710 3.8 6,202 5,997 3.4 5,522 5,356 3.1New Brunswick 651 535 21.7 814 761 7.0 579 475 21.9 731 674 8.5Nova Scotia 870 852 2.1 1,107 1,109 -0.2 767 758 1.2 993 982 1.1Prince Edward Island 159 144 10.4 205 204 0.5 117 113 3.5 155 166 -6.6Newfoundland & Labrador 396 393 0.8 519 519 0.0 358 367 -2.5 477 494 -3.4Northwest Territories 23 14 64.3 30 18 66.7 22 14 57.1 30 18 66.7Yukon 23 23 0.0 29 32 -9.4 18 23 -21.7 23 32 -28.1Canada 43,969 43,624 0.8 50,948 47,519 7.2 41,476 41,137 0.8 48,000 44,786 7.2

* in millions of dollars



Dollar Volume & Sales Activity over MLS® Systems of Canadian Real Estate Boards & Associations

Dollar Volume*

s.a.2 nsa3

ResidentialTotal1

s.a.2 nsa3

s.a.2 nsa3 s.a.2 nsa3

Sales Activity

Total1 Residential

July 2014


percentage change


percentage change


percentage change


percentage change

British Columbia 14,301 14,651 -2.4 15,993 15,968 0.2 12,539 12,747 -1.6 13,937 13,801 1.0Alberta 10,898 10,997 -0.9 12,361 11,424 8.2 9,432 9,575 -1.5 10,781 9,759 10.5Saskatchewan 2,841 2,659 6.8 3,445 3,084 11.7 2,613 2,446 6.8 3,203 2,824 13.4Manitoba 2,353 2,244 4.9 2,688 2,381 12.9 2,153 2,019 6.6 2,445 2,089 17.0Ontario 35,993 35,457 1.5 40,650 36,975 9.9 32,505 32,056 1.4 36,631 33,437 9.6Quebec 15,429 15,254 1.1 13,928 13,164 5.8 13,702 13,494 1.5 12,140 11,560 5.0New Brunswick 1,785 1,924 -7.2 2,195 2,037 7.8 1,381 1,522 -9.3 1,664 1,552 7.2Nova Scotia 2,223 2,341 -5.0 2,698 2,732 -1.2 1,721 1,815 -5.2 2,044 2,095 -2.4Prince Edward Island 528 536 -1.5 767 638 20.2 330 370 -10.8 466 414 12.6Newfoundland & Labrador 1,170 1,155 1.3 1,504 1,374 9.5 954 935 2.0 1,220 1,081 12.9Northwest Territories 14 18 -22.2 18 38 -52.6 14 18 -22.2 18 38 -52.6Yukon 26 28 -7.1 38 66 -42.4 23 26 -11.5 35 62 -43.5Canada 87,561 87,264 0.3 96,285 89,881 7.1 77,367 77,023 0.4 84,584 78,712 7.5


percentage change


percentage change


percentage change


percentage change

British Columbia 547,596 547,890 -0.1 535,292 525,563 1.9 562,505 558,594 0.7 548,162 534,360 2.6Alberta 407,460 408,398 -0.2 405,542 386,298 5.0 395,432 397,645 -0.6 395,552 379,696 4.2Saskatchewan 306,270 304,278 0.7 307,140 289,990 5.9 302,510 296,277 2.1 304,816 285,147 6.9Manitoba 260,883 259,070 0.7 256,487 246,359 4.1 268,208 265,729 0.9 264,171 254,941 3.6Ontario 417,770 417,874 0.0 409,619 387,742 5.6 426,156 425,765 0.1 416,938 393,984 5.8Quebec 266,679 266,064 0.2 n/a n/a - 272,395 270,474 0.7 276,194 272,145 1.5New Brunswick 162,922 152,915 6.5 161,959 150,446 7.7 164,215 158,853 3.4 164,146 159,502 2.9Nova Scotia 208,596 195,254 6.8 212,145 203,395 4.3 223,024 205,257 8.7 224,287 215,094 4.3Prince Edward Island 128,894 140,383 -8.2 133,432 156,195 -14.6 153,964 150,886 2.0 153,964 169,864 -9.4Newfoundland & Labrador 277,352 282,842 -1.9 283,900 280,230 1.3 290,577 290,165 0.1 294,815 288,517 2.2Northwest Territories 393,815 465,619 -15.4 393,815 472,467 -16.6 393,815 465,619 -15.4 393,815 472,467 -16.6Yukon 248,007 313,089 -20.8 231,873 311,481 -25.6 298,191 295,084 1.1 278,518 311,481 -10.6Canada 398,939 399,625 -0.2 396,257 378,172 4.8 404,490 404,319 0.0 401,585 382,541 5.0

* Provincial weighted residential average price for Quebec (provided by Québec Federation of Real Estate Boards); does not affect weighted and unweighted national average price calculations. Information on Quebec's weighted average price calculation can be found at: http://www.fciq.ca/immobilier-statistiques-definitions.php



Average Price*


nsa3 s.a.2 nsa3

New Listings

New Listings and Average Sale Price over MLS® Systems of Canadian Real Estate Boards & Associations

Total1 Residentials.a.2

July 2014


change

British Columbia 52.0 51.9 0.1 49.8 41.0 8.8 55.4 56.0 -0.6 53.4 44.2 9.2Alberta 59.5 59.8 -0.3 61.2 56.4 4.8 63.4 63.7 -0.3 65.5 61.5 4.0Saskatchewan 40.6 47.2 -6.6 44.8 48.6 -3.8 42.1 48.9 -6.8 46.6 50.6 -4.0Manitoba 55.1 57.0 -1.9 57.9 64.6 -6.7 56.8 59.8 -3.0 60.8 67.7 -6.9Ontario 52.4 52.3 0.1 52.6 50.5 2.1 55.9 55.4 0.5 55.4 53.0 2.4Quebec 42.8 41.9 0.9 42.0 44.0 -2.0 45.3 44.4 0.9 44.1 46.1 -2.0New Brunswick 36.5 27.8 8.7 33.9 36.1 -2.2 41.9 31.2 10.7 38.2 41.2 -3.0Nova Scotia 39.1 36.4 2.7 38.0 39.8 -1.8 44.6 41.8 2.8 42.6 45.3 -2.7Prince Edward Island 30.1 26.9 3.2 29.1 38.9 -9.8 35.5 30.5 5.0 35.0 45.8 -10.8Newfoundland & Labrador 33.8 34.0 -0.2 35.2 39.1 -3.9 37.5 39.3 -1.8 39.6 44.1 -4.5Northwest Territories 164.3 77.8 86.5 70.5 60.4 10.1 157.1 77.8 79.3 71.5 60.9 10.6Yukon 88.5 82.1 6.4 54.2 48.1 6.1 78.3 88.5 -10.2 58.3 50.2 8.1Canada 50.2 50.0 0.2 50.1 47.9 2.2 53.6 53.4 0.2 53.3 51.0 2.3


change

British Columbia 6.2 6.1 0.1 8.8 11.4 -2.6 6.6 6.5 0.1 7.1 9.4 -2.3Alberta 3.2 3.1 0.1 4.5 5.6 -1.1 3.5 3.4 0.1 3.5 4.3 -0.8Saskatchewan 6.9 6.4 0.5 7.6 6.9 0.7 7.3 6.7 0.6 6.7 6.0 0.7Manitoba 3.3 3.3 0.0 4.0 3.4 0.7 3.5 3.4 0.1 3.2 2.8 0.5Ontario 3.6 3.6 0.0 4.8 5.1 -0.3 3.7 3.8 -0.1 3.9 4.2 -0.3Quebec 11.9 12.2 -0.3 14.6 12.9 1.7 12.7 13.0 -0.3 12.9 11.4 1.5New Brunswick 10.8 13.0 -2.2 17.7 16.0 1.7 12.1 14.6 -2.5 12.8 11.8 1.0Nova Scotia 10.7 10.8 -0.1 17.0 15.7 1.2 12.1 12.1 0.0 12.3 10.9 1.4Prince Edward Island 12.0 12.8 -0.8 26.2 20.8 5.5 16.3 16.3 0.0 16.3 13.2 3.1Newfoundland & Labrador 8.3 8.3 0.0 11.7 10.1 1.7 9.2 8.8 0.4 8.7 7.4 1.3Northwest Territories 2.9 6.1 -3.2 4.4 3.5 0.9 3.0 6.1 -3.1 4.2 3.2 1.0Yukon 8.7 8.9 -0.2 12.0 13.5 -1.5 11.1 8.9 2.2 10.2 12.4 -2.2Canada 5.6 5.6 0.0 7.5 7.9 -0.4 6.0 6.0 0.0 6.1 6.5 -0.4

*Actual (not seasonally adjusted) data for sales-to-new listings ratios and months of inventory are based on a 12-month moving average



nsa3 s.a.2 nsa3

Months of Inventory and Sales as a Percentage of New Listings over MLS® Systems of Canadian Real Estate Boards & Associations

Sales as a Percentage of New

Listings*

Total1 Residentials.a.2

Months of Inventory*





change

British Columbia 27,160.7 21,648.6 25.5 29,634.6 23,900.9 24.0 26,114.3 20,743.5 25.9 28,466.0 22,865.4 24.5Alberta 18,041.7 15,610.2 15.6 19,967.4 17,121.1 16.6 16,321.9 14,172.3 15.2 18,168.2 15,608.4 16.4Saskatchewan 2,505.3 2,395.1 4.6 2,704.1 2,581.8 4.7 2,346.9 2,222.4 5.6 2,553.7 2,403.2 6.3Manitoba 2,218.6 2,113.0 5.0 2,383.0 2,260.5 5.4 2,135.1 2,026.9 5.3 2,309.3 2,177.4 6.1Ontario 50,985.1 46,862.0 8.8 56,627.0 51,427.3 10.1 49,415.8 45,349.7 9.0 55,121.2 49,954.1 10.3Quebec 11,439.4 11,763.2 -2.8 12,794.6 13,099.9 -2.3 10,732.6 11,004.6 -2.5 12,102.2 12,352.5 -2.0New Brunswick 613.6 651.5 -5.8 657.2 701.6 -6.3 569.8 598.3 -4.8 612.9 647.0 -5.3Nova Scotia n/a 1,243.8 - n/a 1,345.8 - n/a 1,159.4 - n/a 1,261.0 -Prince Edward Island 162.7 169.9 -4.2 148.7 159.7 -6.9 128.8 141.5 -9.0 123.4 138.1 -10.6Newfoundland & Labrador 742.2 748.0 -0.8 665.2 672.8 -1.1 688.8 717.7 -4.0 627.0 647.5 -3.2Northwest Territories 45.1 35.0 28.7 49.9 34.6 44.1 49.5 34.4 43.7 49.9 34.6 44.1Yukon 55.6 61.0 -8.9 55.8 62.1 -10.1 54.3 58.6 -7.3 53.9 60.3 -10.6Canada 115,105.5 103,301.5 11.4 126,932.4 113,368.2 12.0 109,613.1 98,229.4 11.6 121,356.7 108,149.4 12.2



change

British Columbia 49,923 42,489 17.5 53,682 45,899 17.0 46,654 39,697 17.5 50,376 42,986 17.2Alberta 44,230 40,433 9.4 48,649 44,034 10.5 41,009 37,627 9.0 45,286 40,976 10.5Saskatchewan 8,354 8,247 1.3 8,901 8,741 1.8 7,923 7,816 1.4 8,492 8,296 2.4Manitoba 8,526 8,466 0.7 9,055 8,946 1.2 8,079 7,862 2.8 8,566 8,319 3.0Ontario 121,564 120,102 1.2 132,905 129,637 2.5 115,921 114,233 1.5 127,293 123,926 2.7Quebec 43,217 44,425 -2.7 48,228 50,040 -3.6 40,609 41,570 -2.3 45,736 47,232 -3.2New Brunswick 3,977 4,218 -5.7 4,142 4,440 -6.7 3,519 3,699 -4.9 3,714 3,936 -5.6Nova Scotia 5,731 6,086 -5.8 6,070 6,394 -5.1 4,987 5,319 -6.2 5,381 5,672 -5.1Prince Edward Island 1,044 1,194 -12.6 956 1,095 -12.7 832 919 -9.5 757 869 -12.9Newfoundland & Labrador 2,640 2,773 -4.8 2,367 2,463 -3.9 2,393 2,530 -5.4 2,146 2,263 -5.2Northwest Territories 114 86 32.6 119 83 43.4 110 87 26.4 119 83 43.4Yukon 180 180 0.0 185 187 -1.1 171 177 -3.4 175 184 -4.9Canada 289,500 278,699 3.9 315,259 301,959 4.4 272,207 261,536 4.1 298,041 284,742 4.7

* in millions of dollars



Sales Activity


Dollar Volume & Sales Activity over MLS® Systems of Canadian Real Estate Boards & Associations

Dollar Volume*





change

British Columbia 100,716 98,287 2.5 116,108 113,556 2.2 87,674 84,727 3.5 101,677 98,575 3.1Alberta 73,000 71,303 2.4 85,036 81,184 4.7 63,259 60,602 4.4 73,810 69,118 6.8Saskatchewan 18,868 16,978 11.1 21,249 19,207 10.6 17,240 15,521 11.1 19,480 17,521 11.2Manitoba 14,967 13,428 11.5 16,688 14,862 12.3 13,492 11,898 13.4 14,993 13,108 14.4Ontario 234,091 235,087 -0.4 266,707 263,769 1.1 211,531 213,534 -0.9 241,887 239,551 1.0Quebec 104,205 102,685 1.5 113,366 111,088 2.1 92,921 91,464 1.6 101,751 99,657 2.1New Brunswick 12,017 11,624 3.4 13,900 13,347 4.1 9,493 8,967 5.9 10,939 10,241 6.8Nova Scotia 15,334 15,633 -1.9 17,639 17,876 -1.3 12,013 12,038 -0.2 13,874 13,934 -0.4Prince Edward Island 3,298 3,158 4.4 3,971 3,741 6.1 2,192 2,027 8.1 2,591 2,376 9.0Newfoundland & Labrador 7,708 7,115 8.3 8,457 7,867 7.5 6,244 5,741 8.8 6,832 6,321 8.1Northwest Territories 139 157 -11.5 165 177 -6.8 146 166 -12.0 163 176 -7.4Yukon 310 351 -11.7 359 406 -11.6 285 340 -16.2 325 387 -16.0Canada 584,653 575,806 1.5 663,645 647,080 2.6 516,490 507,025 1.9 588,322 570,965 3.0



change

British Columbia 546,744 512,111 6.8 552,040 520,728 6.0 560,552 523,502 7.1 565,071 531,928 6.2Alberta 406,810 384,681 5.8 410,437 388,816 5.6 396,604 375,956 5.5 401,189 380,916 5.3Saskatchewan 301,553 291,317 3.5 303,797 295,366 2.9 296,610 284,547 4.2 300,715 289,685 3.8Manitoba 258,290 247,360 4.4 263,173 252,685 4.2 264,338 256,346 3.1 269,585 261,733 3.0Ontario 415,793 387,366 7.3 426,071 396,702 7.4 423,231 393,542 7.5 433,026 403,096 7.4Quebec 265,232 261,398 1.5 n/a n/a - 270,324 267,255 1.1 269,494 266,829 1.0New Brunswick 154,369 152,886 1.0 158,677 158,029 0.4 161,326 159,837 0.9 165,029 164,374 0.4Nova Scotia n/a 204,398 - n/a 210,479 - n/a 216,661 - n/a 222,315 -Prince Edward Island 158,067 143,460 10.2 155,537 145,810 6.7 164,201 157,915 4.0 163,070 158,875 2.6Newfoundland & Labrador 279,756 273,089 2.4 281,041 273,177 2.9 291,602 286,205 1.9 292,156 286,103 2.1Northwest Territories 411,538 411,250 0.1 419,395 417,330 0.5 412,959 410,582 0.6 419,395 417,330 0.5Yukon 308,272 329,880 -6.6 301,820 332,037 -9.1 314,795 323,030 -2.5 308,069 327,831 -6.0Canada 396,141 368,618 7.5 402,629 375,443 7.2 401,009 373,126 7.5 407,181 379,816 7.2

* Provincial weighted residential average price for Quebec (provided by Québec Federation of Real Estate Boards); does not affect weighted and unweighted national average price calculations. Information on Quebec's weighted average price calculation can be found at: http://www.fciq.ca/immobilier-statistiques-definitions.php



Average Price*


New Listings and Average Sale Price over MLS® Systems of Canadian Real Estate Boards & Associations

New Listings




British Columbia 49.6 43.2 6.4 46.2 40.4 5.8 53.2 46.9 6.3 49.5 43.6 5.9Alberta 60.6 56.7 3.9 57.2 54.2 3.0 64.8 62.1 2.7 61.4 59.3 2.1Saskatchewan 44.3 48.6 -4.3 41.9 45.5 -3.6 46.0 50.4 -4.4 43.6 47.3 -3.7Manitoba 57.0 63.0 -6.0 54.3 60.2 -5.9 59.9 66.1 -6.2 57.1 63.5 -6.4Ontario 51.9 51.1 0.8 49.8 49.1 0.7 54.8 53.5 1.3 52.6 51.7 0.9Quebec 41.5 43.3 -1.8 42.5 45.0 -2.5 43.7 45.4 -1.7 44.9 47.4 -2.5New Brunswick 33.1 36.3 -3.2 29.8 33.3 -3.5 37.1 41.3 -4.2 34.0 38.4 -4.4Nova Scotia 37.4 38.9 -1.5 34.4 35.8 -1.4 41.5 44.2 -2.7 38.8 40.7 -1.9Prince Edward Island 31.7 37.8 -6.1 24.1 29.3 -5.2 38.0 45.3 -7.3 29.2 36.6 -7.4Newfoundland & Labrador 34.3 39.0 -4.7 28.0 31.3 -3.3 38.3 44.1 -5.8 31.4 35.8 -4.4Northwest Territories 82.0 54.8 27.2 72.1 46.9 25.2 75.3 52.4 22.9 73.0 47.2 25.8Yukon 58.1 51.3 6.8 51.5 46.1 5.4 60.0 52.1 7.9 53.8 47.5 6.3Canada 49.5 48.4 1.1 47.5 46.7 0.8 52.7 51.6 1.1 50.7 49.9 0.8


British Columbia 6.6 8.3 -1.7 8.2 10.2 -2.0 7.1 8.9 -1.8 6.6 8.4 -1.8Alberta 3.2 3.8 -0.6 4.1 4.9 -0.8 3.4 4.1 -0.7 3.2 3.8 -0.6Saskatchewan 6.5 5.9 0.6 7.2 6.7 0.5 6.8 6.2 0.6 6.4 5.9 0.5Manitoba 3.2 2.7 0.5 3.9 3.3 0.6 3.4 2.9 0.5 3.2 2.7 0.5Ontario 3.7 3.9 -0.2 4.5 4.8 -0.3 3.9 4.1 -0.2 3.7 3.9 -0.2Quebec 12.4 11.0 1.4 13.6 12.0 1.6 13.1 11.7 1.4 12.0 10.6 1.4New Brunswick 11.6 10.5 1.1 17.5 15.6 1.9 13.1 12.0 1.1 12.7 11.4 1.3Nova Scotia 11.0 10.0 1.0 16.3 15.7 0.6 12.7 11.4 1.3 11.9 10.8 1.1Prince Edward Island 11.9 9.9 2.0 26.4 22.7 3.7 14.9 12.9 2.0 16.5 13.8 2.7Newfoundland & Labrador 8.2 6.9 1.3 13.7 11.5 2.2 9.1 7.6 1.5 10.1 8.5 1.6Northwest Territories 4.0 4.1 -0.1 4.1 4.5 -0.4 4.1 4.1 0.0 3.8 4.3 -0.5Yukon 9.2 11.7 -2.5 11.1 12.3 -1.2 9.7 11.9 -2.2 9.3 11.4 -2.1Canada 5.8 6.0 -0.2 7.1 7.3 -0.2 6.2 6.4 -0.2 5.8 6.0 -0.2



Months of Inventory and Sales as a Percentage of New Listings over MLS® Systems of Canadian Real Estate Boards & Associations

Sales as a Percentage of New

Listings


Months of Inventory


Documents

The Canadian Real Estate Association News Release · 2014, marking the sixth consecutive monthly increase and the highest level for sales since March 2010. (Chart A) Sales activity