Nov 17, 2014
By Michael Kramer
With homes bringing in higher prices in Toronto, Calgary and B-C, The Canadian Real Estate Association says sales in October were up seven per cent – compared with a year ago.
A closer look at the numbers shows that Vancouver, the Fraser Valley, Victoria B-C, Calgary and Toronto combined – to rack up almost 40 per cent of the sales across the country.
Those sales figures also account for nearly 60 per cent of the year-over-year increase.
Compared with a year ago, the results came as home sales in October increased 0.7 per cent – compared with September – when sales dipped.
Nationally, the average price of a house sold through the Multiple Listing Service, was 420-thousand dollars in October.