Canadian Home Sales and Prices Rise Again in September

The Canadian Real Estate Association (CREA) is reporting that home sales in Canada rose 0.9% in September, from August. According to CREA, actual sales, not seasonally adjusted, increased 45.6% year-over-year. The home price index was up 10.3% when compared to September 2019 and 1.3% from August of 2020. The actual average home price in Canada jumped 17.5%, hitting a record C$604,211 ($456,766.71) in September. Shaun Cathcart, senior economist at CREA, said in a statement that “This is starting to sound like a broken record (about records being broken), but Canadian home sales and prices set records once again in September … as they did in July and August.”

FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.
Original Source:
Canadian home sales, prices hit record highs again in September: CREA