Amanda Maxwell
Sales Representative
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CREA: October Sales Up

Updated Tuesday, November 17, 2009  ::  Views (1040)

  I recieved an email update from the Canadian Real Estate Association (CREA) announcing sales activity had reached the highest level ever for the month of October.  Accoring to the Multiple Listing Service® (MLS®),  residential sales activity of Canadian real estate boards numbered 42,288 units. These numbers are up 41.5 percent compared to October 2008, when consumer confidence was first shattered by news of the global financial crisis.  These new records for the month were reported in many major cities including Toronto, Montreal and Ottawa and encompassed about one-fifth of local markets. These are encouraging figures which we hope to see remain balanced and strong as we climb out of this economic downturn.



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