OTTAWA — Sales of existing Canadian homes rose slightly in October, according to new data released by the Canadian Real Estate Association, but remained below levels recorded a year ago. Home sales via Canadian MLS Systems increased by 0.9% on the heels of monthly increases in August and September, but remained almost 11% below the record set in March.
Activity in October was up from the previous month in about half of all local markets, led by the Greater Toronto Area and the Fraser Valley, together with a number of housing markets in the Greater Golden Horseshoe region. Actual (not seasonally adjusted) activity was down 4.3%, while the national average sale price climbed by 5% year over year.
