Canadian Home Sales Little Changed In November

OTTAWA — According to statistics released by The Canadian Real Estate Association (CREA), national home sales were little changed in November compared to October.

Highlights:
•          National home sales edged 0.1% lower from October to November.
•          Actual (not seasonally adjusted) activity was 5.9% above November 2012 levels.
•          The number of newly listed homes rose 1.8% from October to November.
•          The Canadian housing market remains in balanced territory.
•          The national average sale price rose 9.8% on a year-over-year basis in November.
•          The MLS Home Price Index (HPI) rose 4.1% year-over-year in November.

The number of home sales processed through the MLS Systems of Canadian real estate Boards and Associations and other co-operative listing systems was little changed in November 2013 compared to October, edging down by one tenth of one per cent.