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Canadian home sales and prices set records again in September 2020: CREA

The Canadian Real Estate Association (CREA) recently released national sales statistics for September of 2020.


According to the report, "Statistics released today by the Canadian Real Estate Association (CREA) show national home sales set another record in September 2020."


"Home sales recorded over Canadian MLS® Systems edged up a further 0.9% between August and September, raising them to yet another new all-time monthly record.".


"Many Canadian housing markets are continuing to see historically strong levels of activity as we enter into the fall market of this very strange year," stated Costa Poulopoulos, Chair of CREA. "Along with historic supply shortages in a number of regions, fierce competition among buyers has been putting upward pressure on home prices. Much of that was pent-up demand from the spring that came forward as our economies opened back up over the summer. With second wave worries growing, we will remain vigilant in adhering to government and health officials’ directives to keep our clients safe. Now as always, REALTORS® remain the best source for information and guidance when negotiating the sale or purchase of a home,” continued Poulopoulos.


 Highlights of CREA's report

  • National home sales rose 0.9% on a month-over-month (m-o-m) basis in September.

  • The actual (not seasonally adjusted) activity was up 45.6% year-over-year (y-o-y).

  • The number of newly listed properties fell back by 10.2% from August to September.

  • The MLS® Home Price Index (HPI) rose 1.3% m-o-m and was up 10.3% y-o-y.

  • The actual (not seasonally adjusted) national average sale price posted a 17.5% y-o-y gain in September.

Read the entire report on Canadian MLS® sales for September of 2020.

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Norm Fisher

Royal LePage Vidorra

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Norm Fisher, TeamFisher

About Norm

Licensed in 1993, Norm brings a wealth of experience to TeamFisher. He has worked in every imaginable capacity including sales agent, office manager, team leader, broker and now, broker/owner. Norm has written a weekly review of the Saskatoon real estate market for more than 650 consecutive weeks which may make him the most consistent industry blogger in the world.Less...

Licensed in 1993, Norm brings a wealth of experience to TeamFisher. He has worked in every imaginable capacity including sales agent, office manager, team leader, broker and now, broker/owner. Norm has written a weekly review of the Saskatoon real estate market for more than 650 consecutive weeks which may make him the most consistent industry blogger in the world.

Norm is known for his passion for technology and can most often be found exploring and experimenting with the next big thing in real estate marketing. He was the first Saskatoon real estate agent to promote a home online and has been an early adopter of new technologies ever since. “Everything about this business has changed over the past 20 years, and it will happen again in the next ten. An open mind and a curious attitude are all that’s needed to continue to find new ways to serve our clients by delivering a faster, smoother, worry-free transaction,” says Norm.

In his spare time, Norm enjoys Crossfit and cycling, some years accumulating over 2,000 kilometres on the road. He’s a strong supporter of the Royal LePage Shelter Foundation and enjoys raising funds by joining fun, fitness-related initiatives like the Grouse Grind for Shelter. In 2015, he trekked the Peruvian Andes to Machu Picchu. In 2017 he walked the southern highlands of Iceland across mountains, sand, snow, ice, lava fields and forest for seven days. Collectively those initiatives raised over a million dollars for Canadian women's shelters.
 

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