Home sales progressed last month, according to statistics released Tuesday by the Canadian Real Estate Association (CREA).
The association revealed that national home sales rose 2.4% from September to October. It goes on to say that actual (not seasonally-adjusted) activity was up 2.0% year-over-year in October 2016.
CREA goes onto say the number of newly listed homes edged up 1.7% from September to October, while the MLS® Home Price Index in October rocketed 14.6% year-over-year. The national average sale price climbed 5.9%, on the same basis.
The number of homes trading hands via Canadian MLS® Systems rose 2.4% month-over-month in October 2016.
Activity was up on a month-over-month basis about 60% of all local markets, led by B.C.'s Fraser Valley, Calgary, Edmonton, Hamilton-Burlington and Montreal.
