Good news in the Canadian real estate markets today! I popped into the Canadian Real Estate Association‘s (CREA) website and found new stats available stating that the resale housing market was up in September. In fact, it looks like sales activity rose 2.7% nationally compared to the previous month’s activity. While there was almost no change to the number of new homes listed, the sales to new listings ratio is considered in a balanced market, right where it should be. That means that there are approximately as many homes selling, as going on the market. That should make all buyers and sellers happy that are thinking about stepping into the real estate ring.

Canadian Home Sales According to CREA

Plus, the Number of Canadian houses sold is sitting at 361, 749 as of September, which is right on par with the 10-year average. In fact, it is 1.2% higher than the same time period last year. Why is this important, you wonder? Well, it would seem that Canadians are comfortable with the economy enough to be willing to buy or sell their homes. With US and global markets in a state of flux or downright volatility, to me that seems a good thing for Canadians.

One other point of note that I pulled out from their news release was that the number of months of inventory remained almost unchanged at 6.1 months. For those not sure what that means, the number of months of inventory represents the length of time a house is on the market. That number has remained more or less steady since April, again suggesting that people are willing to invest in real estate and confidant enough to take the time to think about making major changes to their lives. It is a great place to live in, don’t you think?

Contact Me To Take a Peek!

Perhaps if you have the confidence in the market and economy enough to make a change in your life, you might want to consider a move yourself. Have you ever thought about Oakridge for a neighbourhood? Perhaps you’ve always been dreaming about a pool? If a brand new kitchen is something you’ve always wanted, then give me a call so we can arrange for you to see this amazing home. While the national numbers suggest homes average six months to sell, this one won’t last that long. Contact me today! I am in the Neighbourhood!


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