Industry News

Canadian home sales activity on pace with 2005

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A total of 39,721 existing homes across Canada were sold via the nation's Multiple Listing Service in November, down 3.8 percent compared to November 2005 and up 1.2 percent compared to October, according to seasonally adjusted statistics released today by The Canadian Real Estate Association. "British Columbia and Alberta fueled most of the monthly increase in national sales activity," the association reported. Sales activity for the first 11 months this year was up by 0.1 percent compared to the same period last year. Year-to-date sales activity was ahead of levels for the same period in previous years in seven provinces -- Alberta, Saskatchewan, Manitoba, Quebec, New Brunswick, Prince Edward Island and Newfoundland. There were a seasonally adjusted 67,024 new listings in November, the association also reported, which was up 4.9 percent compared to November 2005 and down 2.7 percent compared to October. It was the highest monthly total for new listings on record. "The monthly d...