November home sales, prices up from year-ago mark, Canadian group says

Average price was around $404,000 – outside of the greater Toronto and Vancouver areas

An aerial view of houses in Oshawa, Ont. THE CANADIAN PRESS/Lars Hagberg

The Canadian Real Estate Association says November home sales rose 11.3 per cent compared with a year ago.

The association says 37,213 homes were sold through its MLS systems, up from 33,437 in November 2018.

The increase in sales came as the national average price for a home sold in November was about $529,000, up 8.4 per cent compared with a year ago. Excluding Greater Toronto and Greater Vancouver, the average price was around $404,000, up 6.9 per cent compared with last year.

In its updated outlook, the association says it expects home sales this year to total 486,800, while it says the national average price is on track to rise 2.3 per cent.

That compared with an earlier forecast for 482,000 home sales for 2019 and a 0.5 per cent increase in the national average price.

ALSO READ: CMHC expects housing market to recover in next two years after declines

For 2020, CREA says it expects home sales to rise 8.9 per cent next year to 530,000. The national average price is forecast to rise 6.2 per cent to $531,000.

The Canadian Press

Like us on Facebook and follow us on Twitter

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

The Strathcona Regional District has applied again for funding for RE-CREATE project. File photo
Second round of grant funding ‘last chance hotel’ for Strathcona Gardens reno — Commissioner

Commission thinks streamlined application, lower funding ask gives better shot at success

Brighter Day, a youth-led initiative based out of Volunteer Campbell River, is looking to connect seniors and youth with a new pen pal program to help make everyone more connected during this socially-distanced time. Photo by Mike Davies/Campbell River Mirror
New pen-pal program looks to connect seniors and youth in Campbell River

Hope is to ‘make both parties feel less isolated through these challenging times’

As part of NSG, the Vancouver Foundation recently awarded a grant to an Abbotsford resident to organize a socially distanced driveway dinner party for neighbours to get to know each other. Grant applications for such projects can be made with the Campbell River Community Foundation before Oct.26, by residents of Sayward, Quadra and Campbell River. (Neighbourhood Small Grant photo)
Campbell River Community Foundation announces its first Neighbourhood Small Grants program

Grants up to $500 available for projects that comply with physical distancing guidelines from Campbell River, Sayward, Quadra among others

Village of Sayward
Mayoral candidates announced for Sayward ahead of Nov. 21 local byelections

The three positions that will be filled includes a mayor and two councillors

Campbell River Arts Council Executive Director Ken Blackburn was one of a dozen or so divers who took part in the McIvor Lake cleanup day put on by the Campbell River Tide Rippers dive club Oct. 4. Photo courtesy Campbell River Tide Rippers
Campbell River dive club takes 200kg of trash out of McIvor Lake

‘Sometimes we come across things that make you wonder what people were thinking’

Provincial health officer Dr. Bonnie Henry presents modelling of COVID-19 spread in B.C., March 25, 2020. (B.C. government photo)
B.C. sets another COVID-19 record with 203 new cases

up to 1,766 active cases in B.C., two more deaths

Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

Members of the Sipekne’katik First Nation load lobster traps on the wharf in Saulnierville, N.S., after launching its own self-regulated fishery on Thursday, Sept. 17, 2020. THE CANADIAN PRESS/Andrew Vaughan
Vancouver Island First Nations back Nova Scotia’s Indigenous lobster fishermen

Nuu-chah-nulth Tribal Council calls for action before lives are lost

Skiers line up to start the Royal LePage Comox Valley Snow to Surf Adventure Relay Race. Photo by Tim Penney
Popular Comox Valley adventure race cancelled for 2021

COVID forces Comox Valley Royal LePage Snow to Surf Adventure Relay Race cancellation again

Rio Tinto Alcan’s aluminum smelter at Kitimat competes against producers in the Middle East and Russia that have no carbon tax. (Rio Tinto)
B.C. carbon tax highest in Canada, export industries unprotected

B.C. NDP, B.C. Liberals say they’re looking at exemptions

(Pixabay)
Vancouver teacher suspended after swearing, touching students and complimenting underwear

McCabe touched students, including rubbing their backs and necks, touching their hair and hugging them

Most Read