According to statistics released by The Canadian Real Estate Association (CREA), national resale housing activity posted an increase from November to December 2011.
Highlights:
- Sales activity rose 1.8 per cent from November to December.
- Annual activity totalled 456,749 sales in 2011, up 2.2 per cent from 2010.
- The number of newly listed homes increased 3 per cent from November to December.
- A simultaneous increase in sales and new listings kept the national resale housing in balanced territory.
- The national average home price was up just 0.9 per cent on a year-over-year basis in December, marking the smallest increase since October 2010.
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