The Canadian Real Estate Association reported today that national existing home sales via the association's national multiple listing service in November rose to the fourth-highest seasonally adjusted monthly level on record. And sales activity remains on track to set a new annual record in 2005, the association reported. Transactions for the first 11 months of 2005 were half a percentage point lower than total MLS home sales recorded in 2004. The seasonally adjusted annual rate projects a monthly total over a 12-month period, adjusting for seasonal variations in real estate activity. A seasonally adjusted total of 41,724 homes traded hands in November, representing a gain of 1.6 percent compared to the previous month. Higher activity in Alberta and Ontario more than o...
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