Canadian Home Sales Edge Up In September

OTTAWA — According to statistics released today by The Canadian Real Estate Association (CREA), national home sales edged slightly higher in September 2016 compared to August.
 
Highlights:

• National home sales edged up 0.8% from August to September.
• Actual (not seasonally adjusted) activity in September rose 4.2% year-over-year (y-o-y).
• The number of newly listed homes ticked up 0.5% from August to September.
• The MLS Home Price Index (HPI) in September was up 14.4% y-o-y.
• The national average sale price climbed 9.5% y-o-y.
• The number of homes trading hands via Canadian MLS Systems rose 0.8 percent month-over-month in September 2016. Having eased in each of the previous four months, national home sales are 5.6 percent below the record set in April 2016.