Canadian Home Sales Rise in October

Posted November 15, 2016

According to statistics^[1]released today by The Canadian Real Estate Association (CREA), national home sales were up on a month-over-month basis in October 2016.

Highlights:

National home sales rose 2.4% from September to October.
Actual (not seasonally adjusted) activity was up 2.0% year-over-year (y-o-y) in October 2016.
The number of newly listed homes edged up 1.7% from September to October.
The MLS® Home Price Index (HPI) in October was up 14.6% y-o-y.
The national average sale price climbed 5.9% y-o-y.

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charlene