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Mark Cashin Principal Broker

Mark Cashin

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Canadian home sales edge up from September to October

11/18/2022

Statistics released by the Canadian Real Estate Association (CREA) show national home sales edged a little higher in October 2022.

HIGHLIGHTS

  • National home sales were up 1.3% on a month-over-month basis in October.
  • Actual (not seasonally adjusted) monthly activity came in 36% below October 2021.
  • The number of newly listed properties edged up 2.2% month-over-month.
  • The MLS® Home Price Index (HPI) declined by 1.2% month-over-month and was down 0.8% year-over-year.
  • The actual (not seasonally adjusted) national average sale price posted a 9.9% year-over-year decline in October.

https://stats.crea.ca/en-CA/

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