Canadian October Home Sales Slow A Touch from Record.
Today’s release of October housing data by the Canadian Real Estate Association (CREA) shows national home sales fell 0.7% month-over-month (m-o-m) from September’s record high (see chart below). This is the first decline in five months, as market conditions remained tight and prices continued to rise. Competition remains intense in the detached-home market and townhouses, but condo apartment sales have slowed as new listings surge, especially in the Greater Toronto Area (GTA).
Original Article Source Credits: Dominion Lending , https://dominionlending.ca/
Article Written By: Sherry Cooper
Original Article Posted on: November 16, 2020
Link to Original Article: https://dominionlending.ca/economic-insights/canadian-october-home-sales-slow-a-touch-from-record
