OTTAWA — Home resales rose in November for the fourth straight month as “housing activity continues its return to normal levels,” the Canadian Real Estate Association said Wednesday.
Seasonally adjusted sales increased 4.8 per cent to 37,658 during the month, up from 35,936 in October, with increases recorded in eight of Canada’s 10 most active markets, CREA said.
In particular, Great Vancouver posted gains of 11.3 per cent, while Montreal was up 8.2 per cent, Edmonton rose 6.9 per cent and Toronto increased six per cent. Ottawa saw gains of 4.2 per cent and Calgary advanced by 2.6 per cent.
Still, sales were down 9.3 per from levels in November 2009, the industry group said.
“Although this is well short of record level activity for the month of November posted a year ago, seasonally adjusted sales now stand 19.5 per cent above levels recorded in July 2010, when it reached this year’s low point,” CREA said…
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Published by: The Vancouver Sun
Date: December 15, 2010