Wednesday, November 25, 2015

Canadian home sales rebound in October

According to statistics released recently by The Canadian Real Estate Association (CREA), national home sales increased in October 2015 from the previous month.

Highlights:
  • National home sales rose by 1.8% from September to October.
  • Actual (not seasonally adjusted) activity was little changed (+0.1%) compared to October 2014.
  • The number of newly listed homes was up 0.9% from September to October.
  • The Canadian housing market remains balanced overall.
  • The MLS® Home Price Index (HPI) rose 6.7% year-over-year in October.
  • The national average sale price rose 8.3% on a year-over-year basis in October; excluding Greater Vancouver and Greater Toronto, it increased by 2.5%.
The number of homes trading hands via MLS® Systems of Canadian real estate Boards and Associations rose by 1.8 percent in October 2015 compared to September. As a result, national activity stood near the peak recorded earlier this year and reached the second-highest monthly level in almost six years.

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