November 22, 2010
October Real Estate Sales Rise
Did you know that national resale housing activity rose by 4.6% in October 2010, according to statistics released by The Canadian Real Estate Association (CREA). The monthly rise in activity builds on similar increases in August and September. The number of new residential listings on Canadian MLS® Systems edged up 1.3% on a seasonally adjusted basis in October. National sales activity and new listings have swung widely but synchronously, which has kept the market in balanced territory since the spring. The national average price trend remains stable, in keeping with a balanced market. October marks the fourth consecutive month in which the average home price has remained roughly even with year-ago levels.
