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Jonathan J. Knight
Broker - Re/Max Clearview
O - 705 428 4500
P - 705 441 6839
F - 705 428 5951
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Canadian home sales remain at lower levels in September
Ottawa, ON, October 15, 2012 - According to statistics released today by The Canadian Real Estate Association (CREA), national resale housing activity rebounded slightly in September 2012, marking the first monthly increase since the spring.
Highlights:
• Home sales up 2.5% from August to September.
• Actual (not seasonally adjusted) activity down 15.1% from September 2011.
• Number of newly listed homes up 6.5% from August to September.
• Market remains firmly in balanced territory, but conditions have eased.
• National average home price up 1.1% on a year-over-year basis in September.
• The MLS® HPI rose 3.9% in September, its smallest gain since May 2011.
The number of home sales processed through the MLS® Systems of real estate Boards and Associations in Canada rose 2.5 per cent on a month-over-month basis in September 2012. This marks the first monthly gain in activity since March 2012 and a partial recovery from the 6.2 per cent drop recorded in August in the wake of new mortgage rules.
Great lot possible VTB …. Great location esp. starting next month…….call today!
Jonathan J. Knight
Broker - Re/Max Clearview
O - 705 428 4500
P - 705 441 6839
F - 705 428 5951
www.CollingwoodAreaRealEstate.ca