Canadian home sales edge up again in September!

Highlights

• National home sales rose 2.1% from August to September
• Actual activity stood 11% below last September's level
• The number of newly listed homes rebounded by 4.9% from August to September
• The MLS Home Price Index (HPI) was up 10.7% year-over-year in September 2017
• The national average sale price climbed by 2.8% year-over-year in September

"Further tightening of federal regulations aimed at cooling housing markets in Toronto and Vancouver risks creating collateral damage in markets elsewhere in Canada," said Gregory Klump, CREA's Cheif Economist. "It also jeopardizes Canadian economic growth, which is already showing signs of fading."
 
 The number of newly listed homes rebounded by almost 5% in September following three consecutive monthly declines. The national result was largely the result of a jump in new supply in the GTA.
 
If you have any questions about today's real estate market, please feel free to contact me!
 
Mike Mossuto
 Keller Williams Complete Realty