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OTTAWA -- The Canadian Real
Estate Association said Friday that listed sales
of existing homes, counting year-to-date to
November, have already surpassed last year's
total, which was previously the record.
The association said 496,890
homes had been sold through the Multiple Listing
Service (MLS) in 2007 as of the end of November.
That's up 2.7 per cent from last year's total and
8.2 per cent from at the same time a year earlier.
New annual sales records were
established in November in every province except
British Columbia and Alberta, CREA said.
Earlier this month, the real
estate association said an annual record of
345,577 existing homes had been sold by the end of
November in the country's 25 biggest markets.
On Friday, CREA reported a
seasonally adjusted rate of 42,576 homes sold in
November, up 1.6 per cent from October, reflecting
gains in Alberta, B.C., Saskatchewan, Ontario, and
Newfoundland and Labrador, the last of which saw
its highest monthly total ever.
On an unadjusted basis, November
sales were up 6.1 per cent from a year earlier.
The average sales price last
month was $313,645, up 11.7 per cent from a year
before. That marked the seventh-straight month
with a gain of 10 per cent or more.
- Year-to-date
sales in November
- (% gain from 2006)
- British Columbia
98,020 (6.2)
- Alberta 68,381 (-2.8)
- Saskatchewan 11,495
(31.7)
- Manitoba 13,404 (7.9)
- Ontario 204,057 (10.2)
- Quebec 76,110 (11.7)
- New Brunswick 7,787
(15.4)
- Nova Scotia 11,350
(11.3)
- Prince Edward Island
1,638 (18.5)
- Newfoundland &
Labrador 4,117 (26.4)
- Yukon 355 (-1.9)
- Northwest Territories
176 (17.3)
- Canada 496,890 (8.2)
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