Canadian Home Sales Fall Back in October

OTTAWA — According to statistics released by The Canadian Real Estate Association (CREA), national home sales declined in October 2013.

Highlights:

• National home sales declined by 3.2% from September to October.
• Actual (not seasonally adjusted) activity came in 8.3% above levels in October 2012.
• The number of newly listed homes declined by 0.8% from September to October.
• The Canadian housing market remains in balanced territory.
• The national average sale price rose 8.5% on a year-over-year basis in October.
• The MLS® Home Price Index (HPI) rose 3.5% year-over-year in October.

The number of home sales processed through the MLS® Systems of Canadian real estate Boards and Associations and other co-operative listing systems fell 3.2 per cent on a month-over-month basis in October 2013. The decline returned activity back to near where it stood last June and July.