Ottawa, ON, December 16, 2019 – Statistics released today by the Canadian Real Estate Association (CREA) show national home sales continued to edge higher in November 2019.

HIGHLIGHTS:

• National home sales rose 0.6% month-over-month (m-o-m) basis in November.

• Actual (not seasonally adjusted) activity was up 11.3% year-over-year (y-o-y).

• The number of newly listed properties dropped by 2.7% m-o-m.

• The MLS® Home Price Index (HPI) advanced by 0.8% m-o-m and 2.6% y-o-y.

• The actual (not seasonally adjusted) national average sale price climbed 8.4% y-o-y.