REAL ESTATE SURGES IN OCTOBER

Nov 17, 2014

By Michael Kramer

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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.

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