Sales of existing Canadian homes fell by 3.3 percent between October and November, more than erasing October’s small gain and rejoining the moderating sales trend that began back in February. About 60% of all local markets saw lower sales in November, led by Greater Vancouver and the Fraser Valley, Edmonton, the Greater Toronto Area, and Montreal.
The actual (not seasonally adjusted) number of transactions in November 2022 came in 38.9 percent below a near-record for that month last year and stood about 13 percent below the pre-Covid-19 10-year average for November sales.
