The Canadian Real Estate Association says home sales in October fell back from the all-time record high for monthly sales set in September. The association says October sales were down 0.7 per cent from September. However, sales last month still set a record for October as they gained 32.1 per cent compared with October last year.
Get weekly money news
READ MORE: How the pandemic has turned downtown Toronto condos into ‘challenging’ investments
The actual national average home price also set another record in October at $607,250, up 15.2 per cent from the same month last year. CREA says excluding sales in Greater Vancouver and the Greater Toronto Area, two of the most active and expensive housing markets, lowers the national average price by more than $127,000.
- IBC estimates $230M in insured damage claimed from Edmonton storms
- Alberta First Nation sues Ottawa over $5 treaty annuity, argues amount stuck in 1899
- Jobs hang in the balance as Ekati diamond mine in N.W.T. closing early
- WestJet flight attendants hold information pickets as strike vote takes place
The association noted that some 461,818 homes were sold over Canadian MLS systems in the first 10 months of the year, up 8.6 per cent from the same period in 2019.
Comments
Want to discuss? Please read our Commenting Policy first.