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

‘Bureaucratic mix-up’ could lead to Sooke daycare closure

Sooke CAO confident daycare situation can be resolved

Sooke boardwalk reopens to public

Downed tree damages structure during last week’s wind storm

Victoria’s plastic bag ban ended by Supreme Court of Canada

City’s leave to appeal lower court’s decision denied

Literacy global phenomenon lands in Sooke

A worldwide program Free Little Library boasts more than 93,000 locations

13th annual UVic Vikes Shoot for the Cure supports Canadian Cancer Society

Tip-off Saturday is at 5 p.m. for the women and 7 p.m. for the men

WHO says China virus not global health emergency

The decision came after Chinese authorities moved to lock down three cities on Thursday

VIDEO: ‘Porn’ answer was a wrong one for Surrey family on ‘Feud’ game show

Surrey’s Rams competed on the TV show Wednesday night

Abandoned boats left to freeze on Okanagan Lake cause chaos

Over the last week weather conditions have caused three separate incidents

B.C. teacher witnesses coronavirus terror in Shanghai: ‘Everyone is on edge’

Face masks and hand sanitizer ‘sell out’ as 9 SARS-like illness cases confirmed in the city

B.C.-based firefighting plane crashes in Australia, killing three

Three people are confirmed dead in the crash in New South Wales

Remote surveillance helps RCMP nab suspect immediately in Island break-in

Stolen items returned after Parksville business owner takes quick action

Living near major roads linked to higher risk of dementia, Parkinson’s: UBC study

Green space could mitigate some of the risks, researchers found

B.C. privacy commissioner suggests media civility for Prince Harry and Meghan

Lawyers for the Duke and Duchess of Sussex reportedly sent a letter to British press threatening legal action

One person in Vancouver being monitored for coronavirus, feds say

Federal Health Minister Patty Hajdu said five or six people are being monitored in Canada

Most Read