A real estate sold sign is shown in a Toronto west end neighbourhood May 17, 2020. The Canadian Real Estate Association says home sales in October edged back from their all-time record high for monthly sales they set in September. THE CANADIAN PRESS/Graeme Roy

A real estate sold sign is shown in a Toronto west end neighbourhood May 17, 2020. The Canadian Real Estate Association says home sales in October edged back from their all-time record high for monthly sales they set in September. THE CANADIAN PRESS/Graeme Roy

CREA says October home sales edged back from record high set in September

The actual national average home price also set another record in October at $607,250

The Canadian Real Estate Association says home sales in October fell back from the all-time record high for monthly sales set in September.

The association says October sales were down 0.7 per cent from September.

However, sales last month still set a record for October as they gained 32.1 per cent compared with October last year.

The actual national average home price also set another record in October at $607,250, up 15.2 per cent from the same month last year.

CREA says excluding sales in Greater Vancouver and the Greater Toronto Area, two of the most active and expensive housing markets, lowers the national average price by more than $127,000.

The association noted that some 461,818 homes were sold over Canadian MLS systems in the first 10 months of the year, up 8.6 per cent from the same period in 2019.

CREA says it was the second-highest January-October sales figure on record, trailing only 2016.

The Canadian Press


Like us on Facebook and follow us on Twitter.

Want to support local journalism during the pandemic? Make a donation here.

CoronavirusReal estate

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Angelique Houlihan gets her COVID-19 vaccine jab last week at the community-wide clinic. (Angelique Houlihan photo)
Vaccine clinic continues this week

Plenty of booking spots available

District of Houston
Council adds flexibility to spending decisions

Singles out road works as potential benefeciary

Filling potholes in Houston
Holes filled on Highway 16

Potholes aren’t restricted to District of Houston streets. Lakes District Maintenance crews… Continue reading

In the past, the pitch-in days saw the community working together to clean-up unlike this year, when they will be encouraged to stay in their own bubbles. (Shiela Pepping photo/Houston Today)
Houston to pitch-in on Apr. 22

The Houston & District Chamber of Commerce’s 60th pitch-in day

With spring here, work to complete the 9th Street rehabilitation project is about to get underway. (Houston Today photo)
June set for 9th Street project completion

Sidewalk work, finishing touches about to start

Restaurant patrons enjoy the weather on a patio in Vancouver, B.C., Monday, April 5, 2021. The province has restricted indoor dining at all restaurants in B.C. due to a spike in COVID-19 numbers. THE CANADIAN PRESS/Jonathan Hayward
B.C.’s COVID-19 indoor dining, drinking ban extending into May

Restaurant association says patio rules to be clarified

B.C. Premier John Horgan speaks at the B.C. legislature. (B.C. government)
Tougher COVID-19 restrictions in B.C., including travel, still ‘on the table’: Horgan

John Horgan says travel restrictions will be discussed Wednesday by the provincial cabinet

Protesters occupied a road leading to Fairy Creek Watershed near Port Renfrew. (Submitted photo)
B.C. First Nation says logging activist interference not welcome at Fairy Creek

Vancouver Island’s Pacheedaht concerned about increasing polarization over forestry activities

Flow Academy is not accepting membership applications from anybody who has received a dose of the vaccine, according to a password-protected membership application form. (Submitted image)
B.C. martial arts gym refusing patrons who have been vaccinated, wear masks

Interior Health has already issued a ticket to Flow Academy for non-compliance with public health orders

Guinevere, lovingly referred to by Jackee Sullivan and her family as Gwenny, is in need of a gynecological surgery. The family is raising money to help offset the cost of the procedure. (Jackee Sullivan/Special to Langley Advance Times)
Langley lizard’s owners raise funds for gynecological surgery

The young reptile is scheduled for operation on Tuesday

Facebook screenshot of the sea lion on Holberg Road. (Greg Clarke Facebook video)
VIDEO: Sea lion randomly spotted on remote B.C. logging road

Greg Clarke was driving home on the Holberg Road April 12, when he saw a large sea lion.

Defence counsel for the accused entered two not guilty pleas by phone to Grand Forks Provincial Court Tuesday, Jan. 12. File photo
B.C. seafood company owner fined $25K for eating receipt, obstructing DFO inspection

Richmond company Tenshi Seafood is facing $75,000 in fines as decided March 4 by a provincial court judge

B.C. Finance Minister Selina Robinson speaks in the B.C. legislature, March 2, 2021. (Hansard TV)
B.C. NDP ministers defend ‘air tax,’ latest COVID-19 business aid

Empty home tax doesn’t apply to businesses, but space above them

In Ontario, COVID-19 vaccine clinics have been set up at local mosques. (Submitted photo: Rufaida Mohammed)
Getting the vaccine does not break your fast, says Muslim COVID-19 task force

Muslim community ‘strongly’ encouraging people to get their shot, whether or not during Ramadan

Most Read