Bloomberg News

Canada Realtors Post Lower Sales in July as Vancouver Plunges

August 03, 2012

Canadian realtors recorded lower sales in July from a year earlier, regional data suggest, led by a plunging housing market in Vancouver.

The value of purchases at seven major regional real estate boards that have reported figures for July fell 3.4 percent from the same month in 2011 to C$7.75 billion ($7.76 billion), according to data compiled by Bloomberg News. Sales in Vancouver were down 28 percent.

The Canadian Real Estate Association publishes aggregated national data in the middle of every month.

================================================================
                       July        July       July
                       2012        2011      -YoY-
============================================================

---------------------------Number of Units Sold-------------
Total                 16,488      16,557      -0.4% 
------------------------------------------------------------ 
Vancouver              2,098       2,571     -18.4%      
Fraser Valley          1,393       1,322       5.4%     
Victoria                 503         496       1.4%     
Calgary                1,934       1,596      21.2%     
Edmonton               1,624       1,568       3.6%     
Toronto                7,570       7,683      -1.5%
Ottawa                 1,366       1,321       3.4%

----------------Average Sales Price (Canadian Dollars)------
                         July        July      July
                         2012        2011     -YoY-
=============================================================
Total                $469,819    $484,331     -3.0% 
-------------------------------------------------------------
Vancouver            $671,488    $763,271    -12.0%        
Fraser Valley        $472,516    $512,200     -7.7%      
Victoria             $475,768    $465,245      2.3%     
Calgary              $425,895    $407,976      4.4%      
Edmonton             $335,501    $333,309      0.7%    
Toronto              $476,947    $458,646      4.0%        
Ottawa               $337,518    $341,617     -1.2% 
------------------------------------------------------------- 
Total Sales (C$ Mlns.) $7,746      $8,019     -3.4%
=============================================================
All figures are non-seasonally adjusted. N/A means results not
yet reported. SOURCE: Canadian Real Estate Boards
================================================================




To contact the reporter on this story:
Theophilos Argitis in Ottawa at 
targitis@bloomberg.net

To contact the editor responsible for this story:
David Scanlan at 
dscanlan@bloomberg.net




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