OTTAWA - August 29th, 2008 - The number of new listings of homes for sale on the Multiple Listing Service® (MLS®) of all real estate Boards in Canada set a new record in July 2008, according to MLS® statistics released by The Canadian Real Estate Association (CREA).

New MLS® residential listings

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Unit sales remain strong in Burlington

As we conclude the first half of 2008, the Burlington area real estate market is still showing customer confidence and enthusiasm, adding 350 unit sales in the month of June, this brings the monthly average year-to-date to 298 units sold per month or a total of

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Burlington unit sales showed a volume of 1438 units sold as of May 31, 2008, at an average sale price of $351,756, averaging 97% of the asking price, while remaining on the market for a period of 43 days.

Comparing this volume with same period last year, unit sales were 1567 representing an 8.97%

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January 1, 2008 to March 31, 2008 Statistics

Burlington Sales: 719 units, at an average price of $348,015. Remaining on the market for an average of 45 days.

Hamilton Sales: 1,136 units, at an average price of $192,431. Remaining on the market for an average of 50 days.

Ancaster Sales: 111

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