Canadian home sales, listings, prices down in November from a month earlier: CREA
BNN Bloomberg
Home sales, prices and listings fell in November from a month earlier as many potential buyers and sellers hunkered down to wait for signs of relief on interest rates, the Canadian Real Estate Association said Thursday.
Sales fell 0.9 per cent compared with November last year, and fell by the same amount on a seasonally adjusted basis compared with October.
New listings dropped 1.8 per cent in November compared with a month earlier, the second month of declining listings after a 2.2 per cent drop in October that marked the first pullback since March.
The drop in new listings shows sellers are increasingly holding off until next year, despite a surprising number of whom entered the market in early fall, CREA senior economist Shaun Cathcart said in a release.
