You may have read, in YahooFinance the post “Canada home prices slide as homebuyers go into ‘hibernation’“.
It was based on statistics released by CREA November 15, 2023. Highlights include:
- National home sales fell 5.6% month-over-month in October.
- Actual (not seasonally adjusted) monthly activity came in 0.9% above October 2022.
- The number of newly listed properties declined 2.3% month-over-month.
- The MLS® Home Price Index (HPI) decreased by 0.8% month-over-month but was still up 1.1% year-over-year.
- The actual (not seasonally adjusted) national average sale price posted a 1.8% year-over-year increase in October.
