Compare Listings

Canadian Home Sales dip slightly in October

Statistics released today by The Canadian Real Estate Association (CREA) show national home sales declined between September and October 2018.

Highlights of the CREA’s Monthly Report.

  • National home sales fell 1.6% from September to October.
  • Actual (not seasonally adjusted) activity was down by 3.7% from one year ago.
  • The number of newly listed homes eased 1.1% from September to October.
  • The MLS® Home Price Index (HPI) was up 2.3% year-over-year (y-o-y) in October.
  • The national average sale price slipped by 1.5% y-o-y in October.

The CREA says transactions declined in more than half of all local markets, led by Hamilton-Burlington, Montreal and Edmonton. Although activity did improve modestly in many markets, it was offset by a decline in sales elsewhere by a factor of two.

Across the Prairies, benchmark home prices remained below year-ago levels in Calgary (-2.6%), Edmonton (-2.4%), Regina (-3.6%) and Saskatoon (-0.9%)

The CREA’s Statistics show that the Home Price Index in Saskatoon is up .46 percent from 1 month ago, but is still -.86 percent from a year ago, and almost 6 percent less than 5 years ago.

In Regina, the Home Price Index is virtually unchanged from a month ago, is 3.6 percent lower than it was a year ago, and is almost 9 percent lower than it was 5 years ago.

 

 

 

img

Dale Neufeld

I am the co-owner, and co-founder of saskhouses.com

Related posts

Mortgage Stress Test had a big impact on Canadian Housing Industry

A new report from the Canadian Imperial Bank of Commerce estimates that Canada's new Mortgage...

Continue reading
Dale Neufeld
by Dale Neufeld

New Housing Starts still declining in Saskatchewan

A new report by the Canadian Mortgage and Housing Corporation which was released today shows that...

Continue reading
Dale Neufeld
by Dale Neufeld

New Housing Initiatives announced in Federal Budget

The Federal Government has announced a number of new initiatives in its 2019 Federal Budget to help...

Continue reading
Dale Neufeld
by Dale Neufeld