Home sales in the country increased in October compared to September
Month-over-month home sales increased in October in 60% of regional markets.
Home sales across the country posted their first monthly increase since February in October.
Data released on Tuesday by the Canadian Homes Association immovable (ACI) reveal that October sales increased by 1.3% compared to those of September.
The association adds that month-over-month sales increased in October in 60% of regional markets. In the Greater Vancouver area, sales increased by 6%, while they decreased by 2.4% in the Montreal market.
The number of homes newly listed for sale rose 2.2% month-over-month in October.
When comparing to the same period last year October home sales were down 36%.
The actual national average home price was $644,643 in October, down 9 .9% compared to the same month last year.