According to statistics released by The Canadian Real Estate Association (CREA), national home sales activity edged higher on a month-over-month basis in October 2014.
Highlights:
- National home sales rose 0.7% from September to October.
- Actual (not seasonally adjusted) activity stood 7% above October 2013 levels.
- The number of newly listed homes rose 0.8% from September to October.
- The Canadian housing market remains balanced.
- The MLS® Home Price Index (HPI) rose 5.5% year-over-year in October.
- The national average sale price rose 7.1% on a year-over-year basis in October.
The number of home sales processed through the MLS® Systems of Canadian real estate
Boards and Associations edged up 0.7 per cent in October 2014 compared to September.
This marks the sixth consecutive month of stronger resale housing activity compared to a quiet start to the year, and the strongest activity for the month of October since 2009.
Read the full report.