Technology: CREA: national home sales up 12.9 per cent in October compared with last year - - PressFrom - Canada
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Technology CREA: national home sales up 12.9 per cent in October compared with last year

18:15  15 november  2019
18:15  15 november  2019 Source:   msn.com

CREA reports August home sales up from year ago, raises forecast for 2019

CREA reports August home sales up from year ago, raises forecast for 2019 CREA reports August home sales up from year ago, raises forecast for 2019

Home sales fall in October , led by dips in Montreal, Edmonton and Hamilton: CREA . CREA cuts home sales forecast after May sales hit seven- year low. Canadian home sales through its multiple listing service system dropped by 2.3 per cent last month compared with October as the number of

Canadian home sales fell in October , as the number of transactions dropped in more than half of all local markets led by dips in Montreal The Canadian Real Estate Association says national home sales through its MLS system dropped by 1.6 per cent last month compared with September.

a close up of a sign© Provided by Canadian Press Enterprises Inc

OTTAWA — The Canadian Real Estate Association says the number of home sales was up 12.9 per cent nationally in October compared with the same month last year.

It says sales activity last month was almost the same as for September, but up almost 20 per cent from a six-year low reached in February. Home sales are still about seven per cent below the heights reached in 2016 and 2017.

CREA says sales activity was mixed across the country as growing sales in Greater Vancouver, the B.C. Fraser Valley, and Ottawa, was offset by a monthly decline in the Greater Toronto Area and Hamilton-Burlington.

Toronto getting richer as Canada gets poorer, study finds

  Toronto getting richer as Canada gets poorer, study finds According to a recent study looking at wealth trends in Canada, the average net worth in Toronto went up over the past year, even as the national average went down. But not all of the Toronto area is getting richer. The study, published by Environics Analytics, found that the average net worth per household — defined as assets minus debt — in the larger Toronto area grew by $518, or 0.1 per cent in 2018 to $977,698. But the picture changes when the area is viewed in its parts. The City of Toronto, which includes former municipalities such as East York, Etobicoke and Scarborough, saw household wealth rise by $6,453 or 0.

Compared with October 2017, sales last month were down 3.7 per The drop came as the average price for a home sold in October fell 1.5 per cent to 6,800, when compared with the same month a CREA ’s chief economist Gregory Klump says there are signals of “waning activity,” especially in

National home sales are projected to fall to a near decade low in 2019 CREA is projecting that the national average price for a home sold through its The drop came as the average price for a home sold last month dropped to 8,000, down 2. 9 per cent compared with the same month a year ago.

Related video: How to price your house so it sells [Provided by Money Talks News]

Greater Vancouver's composite index price was down 6.4 per cent from a year ago to $994,900, while in the GTA, the index price was up 5.6 per cent to $814,400. Ottawa recorded the highest price gains of major cities with a 10.25 per cent climb to $436,300.

Nationally, the composite index price was up 1.77 per cent to $633,600 despite declines in parts of B.C. as well as in major cities in Alberta and Saskatchewan.

The number of new residential home listings was down by 5.8 per cent in October compared with last year, and down 1.8 per cent from September.

This report by The Canadian Press was first published Nov. 15, 2019.

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Metro Inc. ends fiscal year with Q4 profit rising 15.4 per cent on higher sales .
MONTREAL — Metro Inc. ended its fiscal year with net earnings rising 15.4 per cent to $167.4 million in the fourth quarter on higher revenues. The Montreal-based grocery and pharmacy chain says it earned 66 cents per diluted share for the period ended Sept. 28, up from 56 cents per share or $145 million a year earlier. Excluding one-time items, Metro earned $174 million or 68 cents per share in adjusted profits, compared with $161 million or 63 cents per share a year ago.Revenues increased 3.3 per cent to $3.86 billion, from $3.74 billion as food same-store sales climbed 4.1 per cent and pharmacy same-store sale were up 3.4 per cent.

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