Canadian Home Sales Edge Up Again In October

According to statistics^[1]released today by The Canadian Real Estate Association (CREA), Association (CREA), national home sales posted a modest monthly increase in October but remain below levels recorded one year ago.

Highlights:

• National home sales rose 0.9% from September to October.
• Actual (not seasonally adjusted) activity stood 4.3% below last October’s level.
• The number of newly listed homes edged back by 0.8% from September to October.
• The MLS® Home Price Index (HPI) was up 9.7% year-over-year (y-o-y) in October 2017.
• The national average sale price climbed by 5% y-o-y in October.

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