The Canadian Real Estate Association (CREA), recently released national sales statistics for September of 2019.
According to the report, "Home sales recorded via Canadian MLS® Systems advanced for the seventh consecutive month, raising them 18% above the six-year low reached in February 2019 but leaving them about 8% below highs reached in 2016 and 2017."
"Activity was up in slightly more than half of all local markets, led by Greater Vancouver (GVA) and the Fraser Valley (which together constitute the Lower Mainland of British Columbia). Actual (not seasonally adjusted) sales activity was up 15.5% year-over-year, reflecting the combination of slow sales in September 2018 and a rebound in activity this year. Transactions were up from year-ago levels in all of Canada’s largest urban markets, including the Lower Mainland of British Columbia, Calgary, Edmonton, Winnipeg, the Greater Toronto area (GTA), Hamilton-Burlington, Ottawa and Montreal."
Highlights of CREA's report
- National home sales rose 0.6% month-over-month (m-o-m) in September.
- Actual (not seasonally adjusted) activity was up 15.5% year-over-year (y-o-y).
- The number of newly listed properties edged back by 0.6% m-o-m.
- The MLS® Home Price Index (HPI) advanced by 0.5% m-o-m and 1.3% y-o-y.
- The actual (not seasonally adjusted) national average sale price was up 5.3% y-o-y.
Read the entire report on Canadian MLS® sales for September 2019.
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