Sales and prices in Canada still rising but market is balanced, says CREA

Home sales in Canada increased by 1.8% month on month in November with the number of new listings also rising, up 3.1% compared with October, the latest index figures shows. Prices also increased, up by 10.2% year on year but this figure is affected by prices in Greater Vancouver and Greater Toronto as when they are excluded the annual price growth is 3.4%. The data from the Canadian Real Estate Association (CREA) also shows that year on year sales were up 10.9% and overall the housing market re...