{"id":83598,"date":"2014-04-15T11:55:10","date_gmt":"2014-04-15T15:55:10","guid":{"rendered":"https:\/\/www.livabl.com\/articles\/?p=83598"},"modified":"2014-04-15T12:04:40","modified_gmt":"2014-04-15T16:04:40","slug":"canadian-home-sales-march-crea","status":"publish","type":"post","link":"https:\/\/www.livabl.com\/articles\/archives\/canadian-home-sales-march-crea","title":{"rendered":"Canadian home sales up in March, but remain 8.2 per cent below the 10-year average"},"content":{"rendered":"

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\"Calgary\"<\/a><\/p>\n

Photo: Grand Survivor\/Flickr<\/a><\/em><\/p>\n

The latest stats from the Canadian Real Estate Association (CREA) point<\/a> to a spike in sale prices, though the country is seeing a slowdown in sales compared to some of the peaks reached in 2013.<\/p>\n

The country saw an increase in sales with actual activity up by 4.9 per cent compared to March 2013. Month-to-month, Canada saw a 1 per cent rise is sales from February. Though this follows the 0.6 per cent rise measured between January and February, activity still remains closer to the low reached in January 2014 than the recent peak in August 2013.<\/p>\n

The average sale price for a Canadian home rose to\u00a0$401,419 in March, a six per cent increase from the same time last year. Even CREA’s\u00a0Aggregate Composite MLS House Price Index saw a spike: the index rose 5.19 per cent on a year-over-year basis in March 2014.<\/p>\n

\u201cThere\u2019s little doubt that winter\u2019s icy grip prompted many potential home buyers to put off house hunting,\u201d said Gregory Klump, CREA\u2019s Chief Economist, in the news release.<\/p>\n

\u201cThat said, we\u2019ll have to wait and see what happens in April because while overall sales improved in March, there was little evidence of a flood of pent-up demand being released.\u201d<\/p>\n

Here’s how the prices and sales activity breaks down:<\/p>\n

Prices<\/strong><\/p>\n