CREA: national home sales up 12.9% in October compared with last year

Greater Vancouver’s composite index price was down 6.4 per cent from a year ago to $994,900

The Canadian Real Estate Association says the number of home sales was up 12.9 per cent nationally in October compared with the same month last year.

It says sales activity last month was almost the same as for September, but up almost 20 per cent from a six-year low reached in February. Home sales are still about seven per cent below the heights reached in 2016 and 2017.

CREA says sales activity was mixed across the country as growing sales in Greater Vancouver, the B.C. Fraser Valley, and Ottawa, was offset by a monthly decline in the Greater Toronto Area and Hamilton-Burlington.

Greater Vancouver’s composite index price was down 6.4 per cent from a year ago to $994,900, while in the GTA, the index price was up 5.6 per cent to $814,400. Ottawa recorded the highest price gains of major cities with a 10.25 per cent climb to $436,300.

Nationally, the composite index price was up 1.77 per cent to $633,600 despite declines in parts of B.C. as well as in major cities in Alberta and Saskatchewan.

ALSO READ: More than half of B.C. government housing projects have seen delays

The number of new residential home listings was down by 5.8 per cent in October compared with last year, and down 1.8 per cent from September.

The Canadian Press

Like us on Facebook and follow us on Twitter.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Petition calls for traffic light at intersection of Highway 97 and Skaha Lake Road

The area frequently sees collisions in the summer according to petition

VIDEO: Crews in Summerland film Christmas parade in July

Filming, on July 31, took place during the hottest days of 2020

UPDATE: Solco Creek fire east of Okanagan Falls now classified as held

13.8 hectare was classified as out of control until Aug. 3

EDITORIAL: Improving highway safety

Highway 97 has seen plenty of collisions and accidents over the years

Alberta to require masks at schools this fall, but still no mandate in B.C.

B.C. students are also set to return to classrooms in September

UPDATE: Water bombers reduce wildfire north of Sicamous above Shuswap Lake

Wildfire BC reports fire is still classified out of control, 25 personnel on ground

First degree murder charges for North Okanagan woman

59-year-old woman charged in Round Lake suspicious death incident

B.C. to allow customers to buy cannabis online for in-store pickup at private shops

Age verification will still be required inside the store

Interior Health expands COVID-19 testing access in Kelowna

First-come, first-serve, no-appointment-needed testing centre opens in downtown Kelowna

Paper mache Dr. Bonnie Henry stars in North Okanagan exhibit

Beyond the Mask art show kicks off in Village of Lumby

Shuswap pet nutritionist and raw diet advocate to be in national magazine

Sicamous’s Deanna Larocque building reputation for canine support

Two people die in outdoor shower, in Tulameen

Couple was attending a long weekend gathering

Most Read