trent
12-02-2008, 03:12 PM
Canadian Real Estate Association recently released the Canadian real estate sales numbers for October 2008. Here are some numbers from their report:
-- Seasonally adjusted residential MLS® sales were 32,048 in October 2008, which represents a decline of 14% from September 2008. Also this was the biggest month-over-month decline in sales since June 1994.
-- The exceptionally bad sales in Toronto accounted for nearly one third of the decline in national MLS® sales activity.
-- The average sale price of residential properties sold via the MLS® in October 2008 was $281,133, or 9.9% down from October 2007.
After all it looks like Canada is not immune to the worldwide real estate slump. Your comments are welcome.
-- Seasonally adjusted residential MLS® sales were 32,048 in October 2008, which represents a decline of 14% from September 2008. Also this was the biggest month-over-month decline in sales since June 1994.
-- The exceptionally bad sales in Toronto accounted for nearly one third of the decline in national MLS® sales activity.
-- The average sale price of residential properties sold via the MLS® in October 2008 was $281,133, or 9.9% down from October 2007.
After all it looks like Canada is not immune to the worldwide real estate slump. Your comments are welcome.