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Home sales set new record

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Real Estate Professional | 15 Jul 2015, 11:15 AM Agree 0
The latest figures from CREA show that the rise in home sales depends on the local market.
  • R. Greg Osmond, MBA | 15 Jul 2015, 12:20 PM Agree 0
    This new record in home sales observed doesn't reflect the reality in Newfoundland and Labrador where # of sales were down in June YoY by 14% and dollar volume was down 20% YoY (MLS Statistic Report). Perhaps this indicates a delay in an uptick in the NL market which will show up in July to September or perhaps it indicates Newfoundland and Labrador's housing market is unique to the rest of Canada in its failure to respond to the low interest rate period. This part of the country is definitely out of sync with the rest for some reason.
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