National resale housing activity climbed to the highest level of any third quarter on record this year.
Actual (not seasonally adjusted) home sales via the Multiple Listing Service (MLS®) of Canadian
real estate boards totaled 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.
In Ontario, province wide residential unit sales on MLS® rose 14 per cent to 18,025 units in
September compared to the same time last year. The total dollar volume for residential sales also
rose by 26 per cent to $5.9 billion for the month.