According to statistics released by The Canadian Real Estate Association (CREA), national home sales activity was unchanged on a month-over-month basis in November 2014.
Highlights:
- National home sales were unchanged from October to November.
- Actual (not seasonally adjusted) activity stood 2.7% above November 2013 levels.
- The number of newly listed homes edged down 0.4% from October to November.
- The Canadian housing market remains balanced.
- The MLS® Home Price Index (HPI) rose 5.2% year-over-year in November.
- The national average sale price rose 5.7% on a year-over-year basis in November.
The number of home sales processed through the MLS® Systems of Canadian real estate Boards and Associations was unchanged in November 2014 compared to October. As a result, activity remains much improved compared to the quiet start to the year.
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