Canada’s average home price up nearly 20% year-over-year in November: CREA

Homes sales held roughly steady in November, after surging in October, the Canadian Real Estate Association said.

The Canadian Real Estate Association says home sales in November edged up on a month-over-month basis.

The association says seasonally adjusted home sales in November rose 0.6 per cent after posting a nine per cent increase in October.

The increase came as CREA says sales were up month over month in about three-quarters of all local markets and in all major cities.

Compared with a year ago, actual home sales were down 0.7 per cent.

The actual national average home price was $720,850 in November, up 19.6 per cent from a year ago.

CREA says excluding Greater Vancouver and the Greater Toronto Area, two of the country’s most active and expensive housing markets, cuts $158,000 from the national average price.