Canadian home sales edge higher in September

According to statistics released by The Canadian Real Estate Association (CREA), national home sales posted a small month-over-month increase in September 2013.

  • Highlights:
  • National home sales edged up by 0.8% from August to September.
  • Actual (not seasonally adjusted) activity came in 18.2% above levels in September 2012.
  • The number of newly listed homes declined by 1.4% from August to September.
  • The Canadian housing market has tightened but continues to remain balanced.
  • The national average sale price rose 8.8% on a year-over-year basis in September.
  • The MLS® Home Price Index (HPI) rose 3.1% year-over-year in September.

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