CREA: national home sales up 12.9% in October compared with last year

Greater Vancouver’s composite index price was down 6.4 per cent from a year ago to $994,900

The Canadian Real Estate Association says the number of home sales was up 12.9 per cent nationally in October compared with the same month last year.

It says sales activity last month was almost the same as for September, but up almost 20 per cent from a six-year low reached in February. Home sales are still about seven per cent below the heights reached in 2016 and 2017.

CREA says sales activity was mixed across the country as growing sales in Greater Vancouver, the B.C. Fraser Valley, and Ottawa, was offset by a monthly decline in the Greater Toronto Area and Hamilton-Burlington.

Greater Vancouver’s composite index price was down 6.4 per cent from a year ago to $994,900, while in the GTA, the index price was up 5.6 per cent to $814,400. Ottawa recorded the highest price gains of major cities with a 10.25 per cent climb to $436,300.

Nationally, the composite index price was up 1.77 per cent to $633,600 despite declines in parts of B.C. as well as in major cities in Alberta and Saskatchewan.

ALSO READ: More than half of B.C. government housing projects have seen delays

The number of new residential home listings was down by 5.8 per cent in October compared with last year, and down 1.8 per cent from September.

The Canadian Press

Like us on Facebook and follow us on Twitter.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Leaders of Tomorrow kicks off Jan. 16

Nominations accepted for youth recognition until Feb. 22

Team improves access to addiction, mental health supports

Service provides expanded on-call consultation

Hang up on the phone fraudsters

If the phone call seems kind of crazy…

Pinpointing innovations

How precision spraying system helps Kings Lake Hutterite Colony save time, products and water

Road allowance closure goes to prov govt

Encroaching house situation could set ‘precedent’

VIDEO: Trudeau insists Iran respect families’ wishes when it comes to burials

All 176 people on board the Ukraine International Airlines flight PS752 were killed

Survey finds support among Canadians for broader assisted-dying law

The survey was conducted Jan. 17 to 21 among 1,552 Canadians eligible to vote

New nasal spray launched in Canada to combat hypoglycemic shock in diabetics

Baqsimi is a nasal spray contains three milligrams of glucagon

Canadian public health agencies ramping up preparations in response to new virus

Health officials have said there are no confirmed cases of the emerging coronavirus in Canada

‘Naughty boy’: Monty Python star Terry Jones dies at 77

The comedian has been suffering from a rare form of dementia

Alberta premier wants federal government to do more about opioid imports

Jason Kenney says Canada should find ways to cut down on drugs being smuggled into the country

Alberta Energy Regulator laying off staff, restructures, deals with budget cuts

Gordon Lambert, interim CEO, says the changes are part of a restructuring

Energy companies owe more than double the tax to Alberta municipalities

Survey says communities are owed $173 million — up 114% since last spring

Most Read