A real estate sold sign is shown in a Toronto west end neighbourhood May 17, 2020. The Canadian Real Estate Association says home sales in October edged back from their all-time record high for monthly sales they set in September. THE CANADIAN PRESS/Graeme Roy

A real estate sold sign is shown in a Toronto west end neighbourhood May 17, 2020. The Canadian Real Estate Association says home sales in October edged back from their all-time record high for monthly sales they set in September. THE CANADIAN PRESS/Graeme Roy

CREA says October home sales edged back from record high set in September

The actual national average home price also set another record in October at $607,250

The Canadian Real Estate Association says home sales in October fell back from the all-time record high for monthly sales set in September.

The association says October sales were down 0.7 per cent from September.

However, sales last month still set a record for October as they gained 32.1 per cent compared with October last year.

The actual national average home price also set another record in October at $607,250, up 15.2 per cent from the same month last year.

CREA says excluding sales in Greater Vancouver and the Greater Toronto Area, two of the most active and expensive housing markets, lowers the national average price by more than $127,000.

The association noted that some 461,818 homes were sold over Canadian MLS systems in the first 10 months of the year, up 8.6 per cent from the same period in 2019.

CREA says it was the second-highest January-October sales figure on record, trailing only 2016.

The Canadian Press


Like us on Facebook and follow us on Twitter.

Want to support local journalism during the pandemic? Make a donation here.

CoronavirusReal estate

Just Posted

Victoria-Swan Lake MLA Rob Fleming moves to the role of transportation minister in the NDP’s new cabinet. (B.C. government file photo)
Vancouver Island MLAs claim key roles in new cabinet

Key ministries headed by veteran and rookie Island MLAs in Horgan’s new team

Ladysmith’s 1st Avenue will be lit up until January 15. (Cole Schisler photo)
Ladysmith’s 1st Avenue all aglow

Although the tradition Light Up this year was cancelled, folks can still enjoy the holiday lights

Christmas will look a bit different in Cumberland this year, not only because of COVID restrictions but due to changes from BC Hydro about hanging decorations on the poles. Record file photo
Snowflakes left out in the cold for Island town

Holiday season tradition a no-go for Cumberland’s power poles

Karl Ablack, chair of the Port Renfrew Recovery Task Force, says visitors should steer clear of the community after the second wave of COVID has begun to hit across the province. (Black Press Media file photo)
Port Renfrew, Pacheedaht First Nation asks visitors to steer clear of community again

Tight-knit community of 400 has yet to report single case of COVID

The old home at 785 Island Rd. is coming down as the developer was unable to find a feasible business case to save it. (Black Press Media File Photo)
With no takers to move old Oak Bay home, teardown begins

‘We tried a last hurrah,’ developer says

Penny Hart is emotional outside the Saanich Police Department as she pleads for helpt to find her son Sean Hart last seen Nov. 6 at a health institution in Saanich. (Devon Bidal/News Staff)
VIDEO: Mother of missing Saanich man begs public to help find her son

Sean Hart last seen leaving Saanich mental health facility Nov. 6

Police in Nanaimo are looking for a suspect who wore a black-and-white striped hoodie and rode a yellow mountain bike when he allegedly stole three children’s backpacks from a daycare facility. (Photo submitted)
VIDEO: Thief steals children’s backpacks from Nanaimo daycare

Suspect rode a yellow mountain bike and made off with backpacks hanging on fence

The Klahoose First Nation village on Cortes Island is under lockdown until further notice due to a positive COVID-19 test. Photo courtesy Kevin Peacey.
Cortes Island First Nation community locked down due to positive COVID-19 test

Klahoose First Nation has had one positive test, one other potential case

North Island-Powell River MP Rachel Blaney has spoken out about some veterans losing their Dimished Earning Capacity income. (Mike Davies/Campbell River Mirror photo)
Blaney pens letter to minister about veteran supports

Concerned about veterans losing some income

The baby boy born to Gillian and Dave McIntosh of Abbotsford was released from hospital on Wednesday (Nov. 25) while Gillian continues to fight for her life after being diagnosed with COVID-19.
B.C. mom with COVID-19 still fighting for life while newborn baby now at home

Son was delivered Nov. 10 while Gillian McIntosh was in an induced coma

No face-offs until at least Dec. 8 after the BCHL shuts down pre-sesason play. (Citizen file)
BCHL cancels remainder of the pre-season

Island teams see their exhibition season cut short

Arthur Topham has been sentenced to one month of house arrest and three years of probation after breaching the terms of his probation. Topham was convicted of promoting hate against Jewish people in 2015. (Photo submitted)
Quesnel man convicted for anti-Semitic website sentenced to house arrest for probation breach

Arthur Topham was convicted of breaching probation following his 2017 sentence for promoting hatred

Langley School District's board office. (Langley Advance Times files)
‘Sick Out’ aims to pressure B.C. schools over masks, class sizes

Parents from Langley and Surrey are worried about COVID safety in classrooms

B.C. Premier John Horgan, a Star Trek fan, can’t resist a Vulcan salute as he takes the oath of office for a second term in Victoria, Nov. 26, 2020. (B.C. government)
Horgan names 20-member cabinet with same pandemic team

New faces in education, finance, economic recovery

Most Read