The Canadian Real Estate Association (CREA), released national sales statistics for the month of October 2017 this week. According to the CREA, “National home sales posted a modest monthly increase in October but remain below levels recorded one year ago."
“Home sales via Canadian MLS® Systems edged up 0.9% in October 2017 on the heels of monthly increases in August and September, but remained almost 11% below the record set in March.”
Highlights of CREA's report
- 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.
Read the entire report on Canadian MLS® sales for October, 2017.
I’m always happy to answer your Saskatoon real estate questions. All of my contact info is here. Please feel free to call or email.
Norm Fisher
Royal LePage Vidorra
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