November home sales, prices up from year-ago mark, Canadian group says

Average price was around $404,000 – outside of the greater Toronto and Vancouver areas

An aerial view of houses in Oshawa, Ont. THE CANADIAN PRESS/Lars Hagberg

An aerial view of houses in Oshawa, Ont. THE CANADIAN PRESS/Lars Hagberg

The Canadian Real Estate Association says November home sales rose 11.3 per cent compared with a year ago.

The association says 37,213 homes were sold through its MLS systems, up from 33,437 in November 2018.

The increase in sales came as the national average price for a home sold in November was about $529,000, up 8.4 per cent compared with a year ago. Excluding Greater Toronto and Greater Vancouver, the average price was around $404,000, up 6.9 per cent compared with last year.

In its updated outlook, the association says it expects home sales this year to total 486,800, while it says the national average price is on track to rise 2.3 per cent.

That compared with an earlier forecast for 482,000 home sales for 2019 and a 0.5 per cent increase in the national average price.

ALSO READ: CMHC expects housing market to recover in next two years after declines

For 2020, CREA says it expects home sales to rise 8.9 per cent next year to 530,000. The national average price is forecast to rise 6.2 per cent to $531,000.

The Canadian Press

Like us on Facebook and follow us on Twitter

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

B.C. Premier John Horgan speaks to reporters from B.C. legislature. (B.C. government/Special to The Star)
Ryan’s Regards: You’re not a lesser person

Premier Horgan’s simple words about the virus are necessary for all to hear

Share your opinion with editor@langleyadvancetimes.com
LETTER: Langley could make 208th Street hill safer with little cost

A left turn onto 208th Street hill makes intersection dangerous

Langley Animal Protection Society is asking people to think about the animals in need this holiday season, offering a number of ways to help. (Drew Harkness/Special to Langley Advance Times)
Santa Paw efforts afoot in Langley this Christmas

Aldergrove animal shelter develops new ways for people to help pets this holiday season

Local people are signing onto an online campaign to have people stand out of doors at 6 p.m. local time on Christmas Eve and ring bells for two minutes. (Facebook post)
LETTER: Langley, ring those Christmas bells

Global campaign asks people to ring bells for two minutes outside at 6 p.m. Christmas Eve local time

Idyllic winter scenes are part of the atmosphere of the holiday season, and are depicted in many seasonal movies. How much do you know about holiday movies? Put your knowledge to the test. (Pixabay.com)
QUIZ: Test your knowledge of holiday movies and television specials

The festive season is a time for relaxing and enjoying some seasonal favourites

Black Press Media and BraveFace have come together to support children facing life-threatening conditions. Net proceeds from these washable, reusable, three-layer masks go to Make-A-Wish Foundation BC & Yukon.
Put on a BraveFace: Help make children’s wishes come true

Black Press Media, BraveFace host mask fundraiser for Make-A-Wish Foundation

(File photo)
Vancouver police warn of toxic drug supply after 7 people overdose at one party

Seven people between the ages of 25 to 42 were taken to hospital for further treatment.

A man walks by a COVID-19 test pod at the Vancouver airport in this undated handout photo. A study has launched to investigate the safest and most efficient way to rapidly test for COVID-19 in people taking off from the Vancouver airport. The airport authority says the study that got underway Friday at WestJet’s domestic check-in area is the first of its kind in Canada. THE CANADIAN PRESS/HO, Vancouver Airport Authority *MANDATORY CREDIT*
COVID-19 rapid test study launches at Vancouver airport for departing passengers

Airport authority says that a positive rapid test result does not constitute a medical diagnosis for COVID-19

Cannabis bought in British Columbia (Ashley Wadhwani/Black Press Media)
Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

Vees goalkeeper Yaniv Perets stands watch while Tyler Ho takes the puck around the back of the net on Nov. 7. The BCHL press release did not name the player who tested positive.(Brennan Phillips - Western News)
Penticton Vees quarantining after player tests positive for COVID-19

The team, staff and billets are isolating while they are tested

114 Canadians were appointed Nov. 27 to the Order of Canada. (Governor General of Canada photo)
Indigenous actor, author, elder, leaders appointed to Order of Canada

Outstanding achievement, community dedication and service recognized

Screenshot of Pastor James Butler giving a sermon at Free Grace Baptist Church in Chilliwack on Nov. 22, 2020. The church has decided to continue in-person services despite a public health order banning worship services that was issued on Nov. 19, 2020. (YouTube)
2 Lower Mainland churches continue in-person services despite public health orders

Pastors say faith groups are unfairly targeted and that charter rights protect their decisions

A big job: Former forests minister Doug Donaldson stands before a 500-year-old Douglas fir in Saanich to announce preservation of some of B.C.’s oldest trees, July 2019. (B.C. government)
B.C. returning to ‘stand-alone’ forests, rural development ministry

Horgan says Gordon Campbell’s super-ministry doesn’t work

Most Read