Housing Market Slowed in April as Renewed Lockdown Took Its Toll

Author: External Author | | Categories: Mortgage Broker

 Blog by Cody Rowe - Mortgage Broker

Today, the Canadian Real Estate Association (CREA) released statistics showing national existing home sales fell 12.4% nationally from March to April 2021. Over the same period, the number of newly listed properties fell 5.4%, and the MLS Home Price Index rose 2.4%.

While home sales fell month-over-month in April, largely due to the new lockdowns, April sales were still the strongest ever for that month and well above the 10-year monthly average.

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Original Article Source Credits:   Dominion Lending Centres , https://dominionlending.ca/

Article Written By:  Sherry Cooper

Original Article Posted on:  May 17, 2021

Link to Original Article:  https://dominionlending.ca/economic-insights/housing-market-slowed-in-april-as-renewed-lockdown-took-its-toll



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