According to The Canadian Real Estate Association (CREA), national home sales rose in June 2013, building on gains recorded over the previous three months.

Here are the highlights:

•National home sales rose 3.3% from May to June.
•Actual (not seasonally adjusted) activity came in 0.6% below levels in June 2012.
•The number of newly listed homes edged down 0.5% from May to June.
•The Canadian housing market has tightened but remains in balanced territory.
•The national average sale price rose 4.8% on a year-over-year basis in June.
•The MLS® HPI rose 2.3% year-over-year in June.

So is Canada dodging a bursting bubble?

Click HERE for the CREA website and stats.

~ Steven Fudge from urbaneer.com