November 15, 2019
Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were unchanged from September to October 2019.
Highlights:
- National home sales held steady on a month-over-month (m-o-m) basis in October.
- Actual (not seasonally adjusted) activity was up 12.9% year-over-year (y-o-y).
- The number of newly listed properties declined by 1.8% m-o-m.
- The MLS® Home Price Index (HPI) advanced by 0.6% m-o-m and 1.8% y-o-y.
- The actual (not seasonally adjusted) national average sale price climbed 5.8% y-o-y.
Home sales recorded via Canadian MLS® Systems remained steady in October 2019 following a string of monthly increases that began in March. Activity is now almost 20% above the six-year low reached in February 2019 but remains 7% below heights reached in 2016 and 2017.
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