National home sales hit record in August. Calgary market holding its own

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Home sales on Canadian MLS systems increased 33.5 percent, year over year in August, setting a new record for the month and the sixth highest monthly sales figure of any month on record.

Transactions were up compared to last August in almost all Canadian housing markets, says the monthly report from the Canadian Real Estate Association (CREA).

“It has been a record-setting summer in many housing markets across Canada as realtors and their clients play catch up following the loss of so much of the 2020 spring market,” says Costa Poulopoulos, chair of CREA. “It really does seem that the spring market shifted into the summer. As conditions evolve into fall, we continue to make sure clients stay safe by complying with government and health officials’ directives and advice, including using technology to show properties virtually and to complete required forms and contracts.”

Nationally, sales to the end of August matched the numbers at the end of August 2019, says Shaun Cathcart, CREA’s senior economist.