11/16/2024
National home sales surge in October after previous month’s supply bump: CREA
The Canadian Real Estate Association says the number of homes sold in October rose 30% compared with a year ago, marking a shift from the market’s holding pattern.
“To be fair, last October and November were very soft after accounting for seasonality, but it’s clear that activity has risen with more selection and lower borrowing costs. Price reductions across some segments have also allowed the market to clear better as the ‘bid-ask’ spread narrows.”