Queen's expert surprised by recently-released Home Price Index numbers
Queen’s University real estate expert John Andrew is available to comment on the MLS Home Price Index numbers released today.
“While the five per cent year-over-year increase in the national MLS Home Price Index in April was in line with my expectations, I was surprised that the volume of existing home sales actually fell 0.3 per cent year-over-year,” says Dr. Andrew. “April saw only a 2.7 per cent increase in sales from March, which is far below what was needed to revive a very slow spring real estate market. The number of newly listed homes increased only 2.9 per cent month-over-month.”
Dr. Andrew can also comment on sales in specific cities including Vancouver, Toronto, Calgary and Edmonton.
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