Home sales in Canada soared in September for the first time since March

This is the first time since March that home sales in Canada have increased on a monthly basis. (Photo: The Canadian Press)

Ottawa – Home sales in Canada edged up in September on a monthly basis, the first since March, the Canadian Real Estate Association (CREA) reported on Friday.

According to the association, home sales in September were up 0.9% from the previous month.

Compared with September 2020, when home sales hit a record high for that month, sales for September this year were down 17.5%.

The number of properties newly listed for sale in September was down 1.6% from August.

The national average price of homes was $ 686,650 in September, up 13.9% from the same month last year.

Excluding sales in Metro Vancouver and Greater Toronto, two of the country’s busiest and most expensive markets, the average price drops by over $ 146,000.

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