Canadian home sales still on the soft side in November, 2012: CREA

The Canadian Real Estate Association (CREA), released national sales statistics for the month of November, 2012 today. According the CREA, "The number of home sales processed through the MLS® Systems of real estate Boards and Associations in Canada edged down 1.7 per cent on a month-over-month basis in November 2012. The decline returned activity to where it stood in August following the most recent tightening of mortgage regulations." Highlights of CREA's report    
  • Home sales down 1.7% from October to November.
  • Actual (not seasonally adjusted) activity down 11.9% from November 2011.
  • Number of newly listed homes down 0.9% from October to November.
  • Housing market remains firmly in balanced territory.
  • National average price for home sales down 0.8% on a year-over-year basis in November.
  • MLS® HPI up 3.5% in November, marking its smallest gain since May 2011.
Read the entire report on Canadian MLS sales for November, 2012.

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