Industry News

Canadian real estate sales pick up

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MLS home sales in Canada's major markets continued to show remarkable strength in November and reached their sixth highest monthly level on record, according to statistics released by The Canadian Real Estate Association. Seasonally adjusted home sales via the Multiple Listing Service in Canada's major markets totaled 28,980 units in November, an increase of 1.2 percent compared to the previous month. Canada's resale housing market remains on track to set a new annual record in 2005, the association reported. Transactions in the first 11 months of the year were up 4.8 percent compared to the same period last year, and were less than 1 percent shy of the total MLS home sales recorded in 2004. Seasonally adjusted sales broke all previous monthly records in Calgary and Edmonton. Actual (unadjusted) sales during the first 11 months of 2005 also surpassed all previous records for the year to date in Vancouver, Calgary, Edmonton, Winnipeg, Toronto, Montreal, Quebec City, Saint John, NB ...