Overview
- The Canadian Real Estate Association reported 42,068 transactions in October, a 4.3% decrease from the same month last year.
- Sales rose 0.9% from September, marking the sixth increase in seven months after a brief September pause in the spring recovery trend.
- The actual national average sale price was $690,195, down 1.1% year over year, while CREA’s home price index rose 0.2% month over month and fell 3% from a year earlier.
- New listings decreased 1.4% from September, and active listings reached 189,000 at month’s end, up 7.2% from a year ago.
- CREA’s Shaun Cathcart said interest rates are almost in stimulative territory and expects activity to build into 2026, though economic uncertainty could limit the pace.