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Canadian home sales fall back in October

Ottawa, ON, November 15, 2013 - According to statistics released today by The Canadian Real Estate Association (CREA), national home sales declined in October 2013. 

 

Highlights:

         National home sales declined by 3.2% from September to October.
         Actual (not seasonally adjusted) activity came in 8.3% above levels in October 2012.
         The number of newly listed homes declined by 0.8% from September to October.
         The Canadian housing market remains in balanced territory.
         The national average sale price rose 8.5% on a year-over-year basis in October.
         The MLS® Home Price Index (HPI) rose 3.5% year-over-year in October.

The number of home sales processed through the MLS® Systems of Canadian real estate Boards and Associations and other co-operative listing systems fell 3.2 per cent on a month-over-month basis in October 2013. The decline returned activity back to near where it stood last June and July. 

October 2013 Stat - Canadian home sales fall back