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July 2020, Record Breaking Housing Market Canada

Blog by Diane Cardoso | September 3rd, 2020

With COVID-19 restrictions being lifted across Canada, home buyers and sellers have been busy! National home sales and new listings have continued to increase since June, with July seeing more home sales across Canada than any other month in the history of the Canadian Real Estate Association’s (CREA) database–which dates back more than 40 years! 
The average price increase in BC was 12.5% in July, 2020. Home sales are up over 30% across Canada compared to July 2019. Listing are up 10.3% over July of last year, and the average price of homes across Canada went up 14.3% from July 2019.