The Canadian Real Estate Association says home sales in November edged up on a month-over-month basis.
The association says seasonally adjusted home sales in November rose 0.6 per cent after posting a nine per cent increase in October.
The increase came as CREA says sales were up month over month in about three-quarters of all local markets and in all major cities.
Get weekly money news
Get expert insights, Q&A on markets, housing, inflation, and personal finance information delivered to you every Saturday.
By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy.
Compared with a year ago, actual home sales were down 0.7 per cent.
- 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 actual national average home price was $720,850 in November, up 19.6 per cent from a year ago.
CREA says excluding Greater Vancouver and the Greater Toronto Area, two of the country’s most active and expensive housing markets, cuts $158,000 from the national average price.
Comments
Want to discuss? Please read our Commenting Policy first.