Home resales decline slows in September

Sales of existing homes declined by 1.9 percent between August and September, according to the Canadian Real Estate Association. The third consecutive monthly decrease, it was only about half as large a decline as August’s. Declines in Greater Vancouver and the Greater Toronto Area offset gains in Edmonton, Montreal, and Kitchener–Waterloo. The actual (not seasonally adjusted) number of transactions in September 2023 came in 1.9 percent above September 2022.