Canadian Resale Housing Activity Stable in October

OTTAWA — According to statistics released by The Canadian Real Estate Association (CREA), national home sales activity and average price were little changed in October 2012.
Highlights:
•   Home sales little changed (-0.1%) from September to October.
•   Actual (not seasonally adjusted) activity down 0.8% from October 2011.
•   Number of newly listed homes down 3.8% from September to October.
•   Market remains firmly in balanced territory.
•   National average home price unchanged (+0.02%) on a year-over-year basis.
•   MLS® HPI up 3.6% in October – smallest gain since May 2011.
The number of home sales processed through the MLS Systems of Canadian real estate Boards and Associations was little changed in October 2012 compared to the previous month (-0.1 per cent) and remains below levels reported in the first half of the year.