Canadian Home Sales Edge up 1.3% in October

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OTTAWA (Reuters) – Canadian home sales rose 1.3% in October from September, the first month-over-month gain since February, data from the Canadian Real Estate Association showed on Tuesday.

The national average selling price edged up 0.65% to C$644,643 ($486,340) in October from C$640,479 in September, but was down 9.9% on the year. CREA’s home price index fell 1.2% on the month and was down 0.8% annually.

($1 = 1.3255 Canadian dollars)

(Reporting by Julie Gordon in Ottawa)

Copyright 2022 Thomson Reuters.

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