Home resales remain strong in October

OTTAWA — Sales of existing Canadian homes in October slipped by just 0.7 percent after September’s all-time record, according to the Canadian Real Estate Association. The small change reflected gains in about half of all local markets (including Montreal, Calgary and Edmonton) offset by declines in the other half (including Greater Toronto, Ottawa and Vancouver). Actual (not seasonally adjusted) sales activity posted a 32.1 percent year-over-year gain in October. It was a new record for that month by a margin of more than 14,000 transactions.