Home sales gain in November

OTTAWA — Home sales via Canadian MLS Systems rose for the fourth month in a row in November, according to data from the Canadian Real Estate Association, up 3.9% from October. Led by a 16% jump in sales in the Greater Toronto Area (GTA), the surge in sales there accounted for more than two-thirds of the national increase. Actual (not seasonally adjusted) activity rose 2.6% year over year, setting a new record for the month of November. It was the first yearly increase since March and was unassisted by the GTA, where activity remains down significantly from November 2016 levels.