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MLS Home Sales Grow Stronger In The Third Quarter

Actual (not seasonally adjusted) home sales via the Multiple Listing Service (MLS) Systems of Canadian real estate boards totalled 135,182 units in the third quarter of 2009, according to statistics released by The Canadian Real Estate Association (CREA). This is the highest level of activity on record for the period from July to September. The number of transactions was up 18 per cent from the third quarter of last year, representing the biggest year-over-year increase since early 2002.

Seasonally adjusted national MLS home sales numbered 127,941 units in the third quarter, up 12 per cent from the previous quarter. Building on two previous quarterly increases, seasonally adjusted MLS home sales activity now stands 48 per cent above the low reached in the fourth quarter last year.

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