Canadian home sales and prices edged up in September, as supply slipped, according to The Canadian Real Estate Association (CREA).

“Year-over-year increases in the sales over the past couple of months highlights how activity softened across much of the country following the introduction of tighter mortgage rules last summer,” said CREA Chief Economist Gregory Klump.

Home sales rose 0.8 percent month over month in September and were up 18.2 percent (not seasonally adjusted) from a year before, CREA reported.

During the same period, the number of for-sale homes decreased by 1.4 percent month over month, as the MLS Home Price Index (HPI) increased 3.1 percent year over year.

Source: The Canadian Real Estate Association

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Connect Now is tomorrow! Join top producers as we discuss how to position your business for success in 2021.Reserve Your Spot×