The Canadian Real Estate Association (CREA), recently released national sales statistics for October of 2019.
According to the report, "Home sales recorded via Canadian MLS® Systems remained steady in October 2019 following a string of monthly increases that began in March. Activity is now almost 20% above the six-year low reached in February 2019 but remains 7% below heights reached in 2016 and 2017."
"Recently, home price trends have generally been stabilizing in the Lower Mainland and the Prairies. While that remains the case in Calgary and Saskatoon, home prices in Edmonton and Regina have moved lower. By contrast, home price trends have started to recover in the GVA and the neighbouring Fraser Valley."
Highlights of CREA's report
- National home sales held steady on a month-over-month (m-o-m) basis in October.
- Actual (not seasonally adjusted) activity was up 12.9% year-over-year (y-o-y).
- The number of newly listed properties declined by 1.8% m-o-m.
- The MLS® Home Price Index (HPI) advanced by 0.6% m-o-m and 1.8% y-o-y.
- The actual (not seasonally adjusted) national average sale price climbed 5.8% y-o-y.
Read the entire report on Canadian MLS® sales for October 2019.
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