Housing Market remains optimistic amidst pandemic

Thursday, November 19th, 2020

October?s Housing Marketing Snapshot: The Numbers Aren?t Slowing Down


October was another busy month for Canadian home buyers and sellers! Housing activity across the country continued to increase from September into October, begging the question: is this trend here to stay?


+32.1% Homesalesareup32.1%acros Canada,with 59,159 units sold in October 2020 compared to 4,782 inOctober2019.


+15.9% Newlistingsareup15.9%across Canada,with 76,015 new listings added in October 2020 compared to 65,580 in October 2019.

+15.2% The average price of homes sold across Canada in October 2020 was $607,250, up 15.2% from $526,901 in October 2019.


CREA cautions that the average residential price is a useful figure only for establishing trends and comparisons over a period of time. It does not indicate an actual price for a home due to the wide selection of housing available over the vast geographic area of the country.
The trademarksMLS®, MultipleListingService®, and the associated logos are owned by The CanadianRealEstateAsociation(CREA) and identify the qualityofservicesprovidedbyrealestateprofesionalswhoaremembersofCREA.ThetrademarksREALTOR®, REALTORS®andtheREALTOR®logoare controlled by CREA and identify real estate professionals who a remember of CREA.

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