STRONGEST OCTOBER EVER FOR CANADIAN HOME SALES

Nov 15, 2016

By Bob Komsic

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Another record month for real estate in this country.
TO Housing
In fact, it was the busiest October in Canadian home sales – ever – even as the average price rose just under 6%.
Typically, the housing market cools through the fall, crawls during the winter, but the Canadian Real Estate Association says more than 45,000 homes changed hands last month.
Sales were up in about 60% of local markets, led by the Hamilton-Burlington area, Montreal, B.C.’s Fraser Valley, Calgary and Edmonton.
The average price for a home sold last month as $481,994.
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