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TOM SNOW REALTY Inc., Brokerage OPEN HOUSE THIS WEEKEND SATURDAY & SUNDAY 2â€"4PM WELCOME TO 787 ROSEHEATH DRIVE area â€" of Call the " dream team" for great rates, fast friendly se. vice & stress free mortgages . Mortgage Architects John Cavan ... 14 Martin St., Milton, ON #12728 The Canadian He Canadian home sales set record in April Ofttawa, ON, May 16, 2016 According to stafistics‘ released today by The Canadian Real Estate Association (CREA). national home sales in April 2016 rose to their highest level ever +1# The number of homes hands via Canadgion MLS® Systems in April 2016 rose by 3.1 percent monthâ€"overâ€"month to set a new monthly record. (Chart A) Sales were up in Apri compared to the previous month in about 70 percent of all 3 | | _ 3 g | z * Om wite ts mds gae io popoem o oi and edged lower in Greater Vancouver "National home sgles sat new monthly records over the past two months. even as activity in Gragter Vancouwe .ond the GTA appears to hove topped out" sakd CREA President CH iverson. "With almost thaseâ€"quarters of all locol markets posting soles gains in April. there ore plenty of other places where sales are climbing as we head into the busiest time of the year for hometbuyers. As always. your local REALTOR® remains your bast source tor information about sales and listings where you live or might like to in the future* *Supply shortages and tight housing market conditions have become sellâ€"reinforcing in the GTA," said Gragory Kiump, CREA‘s Chiet Economist. "The Greater Vancouver Area appears to be heading in that direction too. While significant home price gains may entice some homecwnaers in these markets to iist their home for sale. the issue Brand new listing in highly & £8078â€"7213 t _ www.stressfreemortgage.ca Head Office: 6806 Rd., Misinzuge, ON Agizis Asgsuciatior) _ is‘ \S bwwu"n'"wdocwnwm"mmwohobobou\obbwm competition ftor scarce listings is ferce. As a result many homecwners ore deciding to stay put and continue accumulating capital gains. That‘s keeping listings off the moarkets at a time when they are Jready in short supply® Achfl(m'Mod.usbd)sobsocMmlolwcwvhomon.m ago to shatter all previous records for the month of April it also marked the second highest level tor transoctions tor any single month and stood 16.5 parcent above the 10â€"year average tor the month of April Activity was up from yearâ€"ago levels in about 70 percent of all local markets. led by a number of markets in British Columbic as well as the GTA New!y isted homes edged slightly lower (â€"0 2 percent) in April 2016 compared to March. The numiber of markets where new supply rose and where it tell was tairty evenly spiit New listings were up most in Edmonton and on Vancouver island but tell in the GTA London & St Thomas as well as Newfoundland & Labrador The national salesâ€"toâ€"new listings ratio rose to 64. 5 percent in April 2016. the ratio‘s tightest reading since October 2009. A satesâ€"toâ€"new listings ratio beatween 40 and wmvnmmommwmmmm readings betow and above this range indicating buyers‘ and sellers‘ markets respectively mmmmwmmnwnadaboamnmnm wirtuallly all of which are located in British Columtbia. the Greater Toronto Area or in Southwesterm Ontaric The numiber of months of inventory is another important measure of the batance between housing supply and demand. it There were 4.7 months of inventory on a national basis at the end of April 2016 the lowest level in more than six years and a reflection of increasingly tighter housing markets in 8.C. and Ontario. The number of months of inventory currently sits at or betow two months in a growing numiber of local markets in British Columibia. the GTA and ermrons and in Southwestern Ontario The Canadian Real Estate Association (CREA) and identify the e Make YardsHappy. And Their Owners Tool FOR A FREE ESTIMATE cfu.:, i (905) 467â€"1507 woaw.lawnbros.ca The Aggregate Composite MLS® HPI rose by 10 3 percent on a yearâ€"overyear bous in Apri 2016. the biggest gain since May 2010 (Chart 8) Fahmomnomm”om»mmmmmuol Benchmark property types trocked by the index Continuing the trend seen in recent months. twoâ€"storey single ftamily home prices posted the biggest yearâ€"overyear gain (+12 3 percent). tollowed by townhouse/row units (+9 8 percent). oneâ€"storey single tam«ty homes (+9 4 percent). and apartment units (+7.9 percent) mOdMIlmwwNMMm&mmmmmmn April, price growth among housing markets continues to vary widety Gnobt\knco«m(dssmom)mdmfimuw(’fiowml)posmm largest gains. followed by Greater Toronto (+12.6 percent). Victonia (+12.0 percent) and Vancouver Istand (+8. 2 percent) By contrast, home prices tell by 3 5 percent and 2 4 percent in Calgary and Saskatoon respectively. which are smaller deciines than those posted by these markets in March Â¥earâ€"overyear price growth advanced further into positive territory in Reginga (+) 9 parcent) and edged higher on a yearâ€"overyear basis in Oftowa (+1.1 percent) and Greater Montrea! (+1.3 percent). Home prices in Greater Moncton mmmmmmm,moomtmm they stood one year earker (Toble 1) The MLS® Home Price index (MLS® HP1) provides a better gouge of price trends than is possible using averages because average price is prone to being distorted by changes in the mix of sales activity NW(MWWMMWW&Wani 2016 was $508,097, up 13. 1 percent on a yearâ€"overyear basis mwwmmbumwmmmnm mwmmm«-mc«wxw.mm and expensive housing markets. if these two housing markets are excluded from calculations, the average is a more modest $369.222 and the yearâ€"overyear gain is reduced to 8.7 percent EmMNMonmMMWmmnm markets around the GTA and in the Lower Mainiand of British Columibia versus fliot or geciining average prices elsewhere in Canada. The average price for Canada nat of solosnsflmmn‘ Columibia and Ontario in April 2016 was down 1 7 percent yearâ€"over year to .951 ‘MMhmmwmmmmwmmemmm.mngWWMWWMUWWWMMW. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by quality of services provided by real estate professionals who are members of CREA. wo3uo}jgyap{Su| MMM | NOIdWVHD NOLTHW | TOZ ‘GT Aep Aepsiny}1 | gg vA