Sales were down year over year in three-quarters of all local markets including the GTA, Hamilton-Burlington, Ont., region, B.C.’s Lower Mainland and Calgary. (Photo by THE CANADIAN PRESS)

Canadian home sales fall for a 3rd month; new listings also down: CREA

OTTAWA — Home sales across the country fell for a third month in a row in November, as two of what had been the hottest markets, the Greater Toronto Area and the Greater Vancouver Area, reported lower activity.

The Canadian Real Estate Association says Canadian home sales through its multiple listing service system dropped by 2.3 per cent last month compared with October as the number of transactions fell in more than half of all local markets.

Sales were down year over year in three-quarters of all local markets including the GTA, Hamilton-Burlington, Ont., region, B.C.’s Lower Mainland and Calgary.

The group says the number of new listings also saw a decline, falling 3.3 per cent in November.

The drop came as the average price for a home sold last month fell to $488,000, down 2.9 per cent compared with the same month a year ago. Excluding the Greater Toronto Area and the Greater Vancouver area, the average price of a sold home was just under $378,000.

In a forecast, CREA is projecting that home sales in Canada will register a double-digit decline in 2018 and fall to their lowest level seen in five years.

Just Posted

Poll suggests Canadian trust in science falling, scientists thought ‘elitist’

A survey suggests that the trust Canadians place in science may be… Continue reading

Global postal union meets amid Trump threat to pull US out

GENEVA — The effects of President Donald Trump’s standoff with China could… Continue reading

Travel chaos, jobs lost as UK firm Thomas Cook collapses

LONDON — Hundreds of thousands of travellers were stranded across the world… Continue reading

Court hears disclosure arguments in Meng Wanzhou case

VANCOUVER — Huawei executive Meng Wanzhou’s case is scheduled to return to… Continue reading

Red Deer woman lives 102 years with humour, ‘gentle strength’ — and porridge

Minnie Deibert was surrounded by family and friends at her birthday party Sunday

Your community calendar

Tuesday Bower Place Community Association Seniors Card and Coffee party at 1:30… Continue reading

‘Everest has not gone away:’ Sharon Wood tells story of historic summit in book

CANMORE, Alta. — More than three decades after becoming the first woman… Continue reading

Liberals pitch middle-class savings as second full week of campaign beckons

OTTAWA — The Liberals tried to turn the page on Justin Trudeau’s… Continue reading

Democrats blast latest Trump crisis. But what will they do?

WASHINGTON — A whistleblower’s complaint over President Donald Trump’s interactions with a… Continue reading

Face transplant recipient’s donor face now failing

MANCHESTER, N.H. — A woman who was severely burned in a domestic… Continue reading

Charity boat with 182 migrants waits to dock in Europe

A non-profit-run ship carrying 182 migrants rescued on the Mediterranean Sea sailed… Continue reading

Singh-Trudeau meeting will be private, say Liberals, but no time set yet

OTTAWA — The Liberal Party pledged Saturday to keep private the details… Continue reading

Glen Assoun calls for reform in how Ottawa considers cases of wrongful conviction

HALIFAX — Tethered to an ankle monitor and alone in a British… Continue reading

Most Read