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Canadian home sales up nearly 46% in September: CREA

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CREA) said on Thursday.The industry group said actual sales, not seasonally adjusted, rose 45.6% from a year earlier, while the group’s Home Price Index was up 10.3% from September last year and up 1.3% from August.“This is starting to sound like a broken record (about records being broken), but Canadian home sales and prices set records once again in September … as they did in July and August,” said Shaun Cathcart, senior economist at CREA, in a statement.The largest price gains were in smaller Ontario cities and in the capital region of Ottawa, with further flung Toronto suburbs and Ontario cottage towns also showing very strong year-over-year gains.This reinforces the view that Canadians are fleeing the tight confines of urban centers.

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