Canadian MLS® sales up again but seller’s market unlikely: CREA

CREAeconomist Gregory Klump reports on MLS® sales and listings for the Canadian real estate market for November, 2010.

From CREA’s release:

Seasonally adjusted activity was up from October levels in two-thirds of all local markets, including eight of Canada’s ten most active markets. Month-over-month increases were reported in Calgary (+2.6 per cent), Edmonton (+6.9 per cent), Fraser Valley (+10.5 per cent), London & St. Thomas (+6.5 per cent), Montreal (+8.2 per cent), Ottawa (+4.2 per cent), Toronto (+6.0 per cent), and Greater Vancouver (+11.3 per cent). These markets accounted for more than half of national activity in November.

Actual (not seasonally adjusted) national sales activity in November 2010 was 9.3 per below levels in November 2009.

The persistence of large year-over-year declines from last year’s record levels has been masking the steady improvement in national sales activity since July 2010. A comparison of November sales activity to sales for the same month in previous years suggests that activity is currently running at more normal levels.

The actual release and some stats graphs can be found here.

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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