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Canadian Home Sales See Surprising Rise?
Posted by Infinity Admin on
On Tuesday, November 15, the Canadian Real Estate Association (CREA) released its national housing statistics for the month of October. Below, CREA’s Senior Economist Shaun Cathcart provides an update on the current state of housing markets in Canada and explains what the data means for members:
In a surprise to many, home sales recorded over Canadian MLS® Systems edged up 1.3% between September and October 2022.
To close observers, this should not come as a surprise given that month-to-month sales declines have been becoming increasingly smaller since May. For some, the change from negative to positive results is a big deal, if only psychologically.
A 1.3% increase may not seem like much since our natural inclination is to compare it to…
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