Canadian home sales still on the soft side in November, 2012: CREA
Posted on December 18, 2012 by Norm Fisher, Royal LePage Vidorra
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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The above information is from sources deemed reliable but should not be relied upon without independent verification.
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