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.”