Canadian housing sales have rose for the second straight month, according to the Canadian Real Estate Association (CREA).
In September, the seasonally adjusted annual rate of sales increased by 3 per cent, and prices has begun to stabilize. The average price of a home sold in Canada last month was $331,089, down slightly from the $331,683 average a year ago. But prices were up from a month earlier, when the average was $324,928.
“Supply and demand are rebalancing and that’s keeping prices steady in many markets,” said Georges Pahud, CREA president.