December 14, 2017
Canadian home sales rose strong in November!
According to statistics released today by The Canadian Real Estate Association (CREA), national home sales rose strongly in November 2017.
Highlights:
- National home sales rose 3.9% from October to November.
Actual (not seasonally adjusted) activity was up 2.6% from November 2016.
- The number of newly listed homes climbed 3.5% from October to November.
- The MLS® Home Price Index (HPI) was up 9.3% year-over-year (y-o-y) in November 2017.
- The national average sale price edged up 2.9% y-o-y in November.
Home sales via Canadian MLS® Systems rose for the fourth month in a row in November 2017, up 3.9% from October. Led by a 16% jump in sales in the Greater Toronto Area (GTA), the surge in sales there accounted for more than two-thirds of the national increase. The continuing rebound put November sales activity a little over halfway between the peak recorded in March 2017 and the low reached in July.
Click here for the full report:
http://bit.ly/2C8HUTM
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