Canadian home sales rise again in September

Oct 15 13:10 2019 Print This Article

Ottawa, ON, October 15, 2019 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales were up slightly in September 2019.

Highlights:

National home sales rose 0.6% month-over-month (m-o-m) in September.

Actual (not seasonally adjusted) activity was up 15.5% year-over-year (y-o-y).

The number of newly listed properties edged back by 0.6% m-o-m.

The MLS® Home Price Index (HPI) advanced by 0.5% m-o-m and 1.3% y-o-y.

The actual (not seasonally adjusted) national average sale price was up 5.3% y-o-y.

Home sales recorded via Canadian MLS® Systems advanced for the seventh consecutive month, raising them 18% above the six-year low reached in February 2019 but leaving them about 8% below highs reached in 2016 and 2017. (Chart A)

Activity was up in slightly more than half of all local markets, led by Greater Vancouver (GVA) and the Fraser Valley (which together constitute the Lower Mainland of British Columbia).

Read More

About Article Author

Canadian Real Estate Association

The Canadian Real Estate Association (CREA) is one of Canada’s largest single-industry trade Associations. They have over 100,000 real estate brokers, agents and salespeople, working through 100 real estate Boards and Associations across Canada as members.

Related Items

Part 2: When Should You Sell Your Losers?

So, if you caught Part 1 of our series, “Tax-Loss Selling With ETFs”, you now know the basics of how a market downturn can actually be a tax-savings opportunity in disguise. But how often should you check your portfolio for these “opportunities”, and when does it make cost-effective sense t ...

Explaining Treasury Yields: Akram And Li Paper (2019)

I just read the recent paper “An Inquiry Concerning Long-term U.S. Interest Rates Using Monthly Data” by Tanweer Akram and Huiquing Li.* The authors look at a wide spectrum of relatively simple models to pin down the explanatory factors for Treasury yields. They find that their techniques find ...

Tech Talk for Monday December 9th 2019

Pre-opening Comments for Monday December 9th U.S. equity index futures were mixed this morning. S&P 500 futures were down 2 points in pre-opening trade. The Canadian Dollar was virtually unchanged at U.S.75.45 cents following release of Canada’s November Housing Starts report. Consensus was an i ...

What’s coming

The average tat costs about $200. So soon you can have a new one, thanks to Justin Trudeau’s government (he has a few). In the coming days the feds will table legislation to cut some taxes by increasing the basic personal exemption to $15,000. That means no tax on that first fifteen grand (a $2, ...

Trust

  It’s a weird Canadian thing. Everybody – buyers, politicians, moms – complains bitterly about houses people can’t afford. But we call markets where sales are brisk and prices rising, ‘healthy’ and ‘robust.’ We say places where real estate is getting cheaper are ‘in distress, ...

Wrexit

Most of us outside AB don’t care about Wexit. But we will. Western alienation has the potential to create political chaos in Canada, send the feds into a tailspin, blow up the Conservative party and send a shudder through the national economy. But Alberta isn’t going anywhere. Just like Quebec ...

Canada’s apartment market: We can’t build units quickly enough

Apartment panelists at the Real Estate Forum 2019 in Toronto, from left: John Ballantyne of RioCan, Philip Fraser of Killam, Paula Gasparro of CMLS Capital, Alf Hendry of Homestead and Mark Kenney of CAPREIT, with moderator Aik Aliferis of M&M. (Steve McLean RENX) “The apartment market continue ...

What you need to know about REITs

I crouched down to see the ants crawling along the baseboard, coming together in a living insect puddle near the side door. I assured my tenant I would handle it, and called the pest management company to take care of the problem, giving them my credit card number and a few hundred dollars in the p ...

InterGen Capital receives $1 million to help scale Calgary’s startups

InterGen Capital, a Calgary-based non-profit scale-up fund and accelerator, has received a $1 million contribution from the Calgary Chamber of Commerce. The contribution is an investment in InterGen’s fund, which is expected to deploy capital into post-seed and pre-Series A companies based in Al ...

Study Examines Methane Emissions Produced by Lakes

A new study from UK-based Swansea University has provided new insights into how methane emissions are produced in the surface layer of lakes. The continuous rise of methane in the atmosphere is considered a global climate threat. Conventional research, including the assessments by the Intergovernme ...