CREA: Canadian Home Sales rise in October

OTTAWA — According to statistics released on November 15th by The Canadian Real Estate Association (CREA), national home sales were up on a month-over-month basis in October 2016.
Highlights:
National home sales rose 2.4% from September to October.
Actual (not seasonally adjusted) activity was up 2.0% year-over-year (y-o-y) in October 2016.
The number of newly listed homes edged up 1.7% from September to October.
The MLS Home Price Index (HPI) in October was up 14.6% y-o-y.
The national average sale price climbed 5.9% y-o-y.
The number of homes trading hands via Canadian MLS® Systems rose 2.4 percent month-over-month in October 2016.