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

New report finds ‘chronic’ shortage of daycare spaces across Greater Victoria

Sidney meets 52 per cent of demand, the best figure for six surveyed communities

No plan in place if Sooke homeless shelter forced to shut doors

Contract for Otter Road facility now month to month

Greater Victoria thrift shop quietly closes two locations indefinitely

Society of St. Vincent de Paul shut down Sooke and Central Saanich storefronts

Heavy rains cause wastewater overflow off Oak Bay, Saanich beaches

Affected beaches will be posted with public health advisory signs

Double the speed limit nets Saanich driver $368 fine, points, car impound in Colwood

Colwood council has identified Ocean Boulevard as a hot spot for speeding

B.C. reports 91 new cases as officials remain worried over ‘clusters of COVID-19

There have now been a total of 8,395 cases in B.C. since the pandemic began

POLL: Do you agree with the decision to call a provincial election for Oct. 24?

British Columbians will put their social distancing skills to the test when… Continue reading

Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

‘Won’t be gathering for Thanksgiving:’ Trudeau says COVID-19 2nd wave underway

In all, COVID-19 has killed about 9,250 people in Canada

‘Show us the money’ for cannabis, local governments tell B.C.

Municipal tax, transit revenues falling as costs rise

Canada’s active COVID-19 cases top 10,000 as daily new cases triple over the past month

Dr. Tam repeated her warning to young people, who have made up the majority of recent cases

Liberal effort to reset policy agenda panned by rivals as too much talk, not action

Trudeau said it’s ‘all too likely’ families won’t be able to gather for Thanksgiving next month

Cops for Cancer: COVID-19 can’t stop Tour de Rock

‘having the chance to come back and ride this year means everything to me’

Most Read