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Canada: November resale home activity up nearly 5pct

Posted on 16 December 2010

From Torontosun.com: Existing home sales rose for the fourth straight month in November, suggesting Canada’s real estate market is levelling out after a year of dramatic swings. The Canadian Real Estate Association said November’s seasonally adjusted resale activity via its Multiple Listing Service was up 4.8% compared to October.
“Following the chilling lows at the onset of the recent recession and the dizzying heights during the subsequent recovery, the national housing market appears to be returning to some semblance of normalcy,” said CREA chief economist Gregory Klump……………………………………….Full Article: Source

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