Home buying is back in a big way, with sales numbers rising across the country.
Residential sales in Greater Vancouver were up by nearly 38 per cent in October from the same time last year. In the Greater Toronto Area, sales climbed more than 19 per cent in October from a year ago. Calgary also reported an 18 per cent increase in October sales from a year ago.
“The very segment of the Canadian economy that was supposed to be its biggest risk this year has turned out to be a rare source of strength: housing,” BMO chief economist Douglas Porter states inBMO Capital Markets’ latest weekly financial digest. “Early reports from all the major cities suggest that October home sales posted double-digit gains from year-ago levels, following strong increases in previous months.”
http://t.co/dooZjFCbxe via @YahooFinanceCA