Canadian home sales and prices set records again in September
Ottawa, ON, October 15, 2020 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales set another record in September 2020.
National home sales rose 0.9% on a month-over-month (m-o-m) basis in September.
Actual (not seasonally adjusted) activity was up 45.6% year-over-year (y-o-y).
The number of newly listed properties fell back by 10.2% from August to September.
The MLS® Home Price Index (HPI) rose 1.3% m-o-m and was up 10.3% y-o-y.
The actual (not seasonally adjusted) national average sale price posted a 17.5% y-o-y gain in September.
NATIONAL RESIDENTIAL STATISTICS
Home sales recorded over Canadian MLS® Systems edged up a further 0.9% between August and September, raising them to yet another new all-time monthly record. (Chart A)
The small change from August to September had under its surface a mixed bag of results with about 60% of local...