The Canadian Real Estate Association (CREA) published its monthly report on sales activity in Canada yesterday. Sales of existing homes remain strong with sales volumes (dollar value) up 73% from November of 2008.
British Columbia and Ontario saw the largest Y/Y (year-over-year) gains at 165% and 77% respectively (dollar value).
Vancouver led the way within Canada with an astounding 252% increase in dollar sales volumes, Victoria was second at +116%, Toronto third (+105%) and Calgary fourth (+67%).
It is important to note that although the 437,507 homes sold through the Canadian MLS® system in the first 11 months of 2009 represents a 5% increase over the same period in 2008, those sales are still lower than the levels seen in the previous 3 years.
Details can be found in CREA’s November Report, and the Vancouver Sun.
