Resale Housing Activity Continues Return to Normal Levels

OTTAWA, Ontario — National resale housing activity continues its return to normal levels, having risen in November 2010 for the fourth consecutive month, according to statistics released mid December 2010 by The Canadian Real Estate Association (CREA).
Seasonally adjusted national home sales activity via the Multiple Listing Service® (MLS®) Systems of Canadian real estate Boards climbed 4.8 per cent in November 2010. Although this is well short of record level activity for the month of November posted a year ago, seasonally adjusted sales now stand 19.5 per cent above levels recorded in July 2010, when it reached this year’s low point.