According to a CREA (Canadian Real Estate Association) “home sales activity and new listings in Canada declined in May.

Seasonally adjusted home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards declined nationally by 9.5 per cent in May from near-record level activity the previous month. While activity declined in more than 70 per cent of local markets, the lower national figure resulted largely from fewer sales in Toronto, Vancouver and Ottawa.”

For more information check out the CREA News Release

This entry was posted on Saturday, June 5th, 2010 at 3:28 pm and is filed under General Info, Mortgage News, Real Estate in Vancouver. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.