May 2015 was the fourth consecutive month where Canadian home sales showed an increase over the previous month, says the Canadian Real Estate Association.

The Canadian Real Estate Association (CREA) has updated its home sales activity forecast for 2015 and 2016.

The Canadian Real Estate Association (CREA) has released its monthly sales statistics and national home sales increased by one per cent from January to February 2015. Greater Vancouver, the Okanagan region, and Greater Toronto led the nation’s sales while over half of other local markets posted declines.

As oil prices continue to decline and the Canadian dollar weakens, the Canadian Real Estate Association (CREA) has adjusted its 2015 resale housing forecast and extended it to 2016. The national forecast has been revised to reflect fewer sales. Currently, CREA is forecasting a total of 475,700 unit sales in 2015, an annual decline of 1.1 per cent.

National home sales fell 3.1 per cent from December of last year to January 2015, according to the latest month-over-month analysis from the Canadian Real Estate Association (CREA). Although fewer sales were recorded in approximately 60 per cent of all housing markets, the country’s weakest markets altered national totals significantly. These regions included Edmonton, Sask. and Calgary, Alta.

The Canadian Real Estate Association (CREA) recently announced that national home sales decreased on a month-over-month basis in December 2014. According to the trade association, home sales fell 5.8 per cent from November to December, but rose 7.9 per cent from the same period in 2013.

According to the latest data from the Canadian Real Estate Association (CREA), Canadian home sales increased, year-over-year, by 2.7 per cent in November. Similarly, the average national sale price rose 5.7 per cent when compared with data from November 2013.