Canadian real estate market info

Canadian real estate appears to be headed for a balancing out from its once upward swing.
Although 4.6 per cent more homes changed hands from September to October, sales were down 21.6 per cent from a year earlier. And, homes were selling for slightly more (0.7 per cent) in October than a year earlier, with an average price of $343,747..

October ’10: $343,747
October ’09: $341,232
Change: + 0.7%
Number of units sold: 33,099
Unit sales Oct. ’09: 42,245
Change: – 21.6%
Source: CREA

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