Canadian home prices, sales adult from a year ago: CREA report

The Canadian Real Estate Association says Nov home sales rose 11.3 per cent compared with a year ago.

The organisation says 37,213 homes were sole by a MLS systems, adult from 33,437 in Nov 2018.

The boost in sales came as a inhabitant normal cost for a home sole in Nov was about $529,000, adult 8.4 per cent compared with a year ago. Excluding Greater Toronto and Greater Vancouver, a normal cost was around $404,000, adult 6.9 per cent compared with final year.

In a updated outlook, a organisation says it expects home sales this year to sum 486,800, while it says a inhabitant normal cost is on lane to arise 2.3 per cent.

That compared with an progressing foresee for 482,000 home sales for 2019 and a 0.5 per cent boost in a inhabitant normal price.

For 2020, CREA says it expects home sales to arise 8.9 per cent subsequent year to 530,000. The inhabitant normal cost is foresee to arise 6.2 per cent to $531,000.

Article source: https://www.cbc.ca/news/business/canadian-home-prices-sales-up-from-a-year-ago-crea-report-1.5397541?cmp=rss