CREA: national home sales up 12.9% in October compared with last year

Greater Vancouver’s composite index price was down 6.4 per cent from a year ago to $994,900

The Canadian Real Estate Association says the number of home sales was up 12.9 per cent nationally in October compared with the same month last year.

It says sales activity last month was almost the same as for September, but up almost 20 per cent from a six-year low reached in February. Home sales are still about seven per cent below the heights reached in 2016 and 2017.

CREA says sales activity was mixed across the country as growing sales in Greater Vancouver, the B.C. Fraser Valley, and Ottawa, was offset by a monthly decline in the Greater Toronto Area and Hamilton-Burlington.

Greater Vancouver’s composite index price was down 6.4 per cent from a year ago to $994,900, while in the GTA, the index price was up 5.6 per cent to $814,400. Ottawa recorded the highest price gains of major cities with a 10.25 per cent climb to $436,300.

Nationally, the composite index price was up 1.77 per cent to $633,600 despite declines in parts of B.C. as well as in major cities in Alberta and Saskatchewan.

ALSO READ: More than half of B.C. government housing projects have seen delays

The number of new residential home listings was down by 5.8 per cent in October compared with last year, and down 1.8 per cent from September.

The Canadian Press

Like us on Facebook and follow us on Twitter.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Victoria police ask victims of human trafficking to come forward in light of recent arrests

Four people from Vancouver Island were arrested in Saskatchewan on Jan. 28

Forest industry supporters and convoy arrive at B.C. legislature

Rally delivers petition in favour of ‘working forests’

Protesters barricade Premier John Horgan’s Langford home ahead of B.C. budget announcement

Demonstrators from the Extinction Rebellion have blocked the Langford driveway

Scholarship launched to honour three men who died in Sooke River

Sooke School District award will be given annually to a student graduating from EMCS

Victoria budtenders become first private cannabis workers to unionize in Canada

Two of seven Clarity Cannabis storefronts vote to join UFCW 1518 union

VIDEO: Ottawa wants quick, peaceful resolution to pipeline protests, Trudeau says

The protests have manifested themselves as blockades on different rail lines across the country

Ten poisoned eagles rushed to veterinary hospital in Nanaimo

Eagles stricken after eating flesh of euthanized animal at Nanaimo Regional Landfill

Trudeau says Wet’suwet’en crisis, rail blockades a critical moment for country

First Nations leaders suggest it may be time to peacefully end the blockades

Kids exposed to household cleaners as newborns more likely to get asthma: B.C. study

Air fresheners, plug-in deodorizers, antimicrobial hand sanitizers and oven cleaners were the worst culprits

VIDEO: Convoy of forest industry supporters on its way to Victoria

Rally at the B.C. legislature begins with participants setting off from Campbell River

Teen snowmobiler found safe after overnight search in Okanagan

The teen had been missing since just after 6 p.m. on Monday

New highway proposed between Alberta and B.C.

The route would connect Red Deer to Kamloops

Forestry convoy headed down Vancouver Island to legislature lawn

Rally to be held Tuesday in Victoria pushing for the protection of ‘working forests’

Woman arrested in Cariboo after fuel stolen, police car rammed

Suspect wanted for crimes allegedly committed in Kelowna, Salmon Arm and 100 Mile House

Most Read