Sales Numbers Trend Up from Last August

Canadian Real Estate Association (CREA) numbers show a large climb in sales for August. Falling mortgage rates, and anticipation of new policies are what is driving market growth in Canada. There were 43,478 unadjusted sales process through CREA, down 9.0% from the month before. This represents a 5.7% increase compared to the same month last year. The monthly decline is seasonal, but larger than expected.

Reference: https://www.crea.ca/housing-market-stats