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).

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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.

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