Canadian home sales slipped 3% in July while average price fell to $662,000

by | Aug 17, 2021 | Blog

Canada’s housing market is continuing its slowdown, with both prices and sales volumes well down in July from where they were a few months ago.

The Canadian Real Estate Association said Monday that the number of homes sold has now fallen for four months in a row, as has the average selling price. Sales in July 2021 were 15 per cent lower than they were in the same month a year ago, but the group that represents realtors notes that last year’s number was the busiest July ever.

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