(Ottawa) Home sales across the country posted their first monthly increase since February in October.
Data released Tuesday by the Canadian Real Estate Association (CREA) show that October sales were up 1.3% from September.
The association adds that month-over-month sales increased in October in 60% of regional markets. In the Greater Vancouver area, sales increased by 6%, while they fell by 2.4% in the Montreal market.
The number of homes newly listed for sale rose 2.2% month over month in October.
Compared to the same period last year, home sales in October were down 36%.
The real national average home price was $644,643 in October, down 9.9% from the same month last year.