Canadian Home Sales Climb Further In November

OTTAWA — According to statistics released today by The Canadian Real Estate Association (CREA), national home sales were up on a month-over-month basis in November 2015.

Highlights:
•   National home sales rose by 1.8% from October to November.
•   Actual (not seasonally adjusted) activity was up 10.9% compared to November 2014.
•   The number of newly listed homes was up 3.1% from October to November.
•   The Canadian housing market remains balanced overall.
•   The MLS Home Price Index (HPI) rose 7.1% year-over-year in November.
•   The national average sale price rose 10.2% on a year-over-year basis in November; excluding Greater Vancouver and Greater Toronto, it increased by 3.4%.
•   The number of homes trading hands via MLS Systems of Canadian real estate Boards and Associations rose by 1.8 percent in November 2015 compared to October to reach its highest monthly level in six years.