October 21, 2020
Statistics released by the Canadian Real Estate Association (CREA) show national home sales set another record in September 2020.
Summary:
- National home sales rose 0.9% on a month-over-month (m-o-m) basis in September.
- Actual (not seasonally adjusted) activity was up 45.6% year-over-year (y-o-y).
- The number of newly listed properties fell back by 10.2% from August to September.
- The MLS® Home Price Index (HPI) rose 1.3% m-o-m and was up 10.3% y-o-y.
- The actual (not seasonally adjusted) national average sale price posted a 17.5% y-o-y gain in September.
Home sales recorded over Canadian MLS® Systems edged up a further 0.9% between August and September, raising them to yet another new all-time monthly record.