Canadian home sales slow in October as many buyers have already ‘gone into hibernation’: CREA

by Sammy Hudes

For sale signs in Oakville, Ont., on Dec. 1, 2018.

The number of homes sold in Canada last month ticked up on an annual basis but fell 5.6 per cent compared with September as the Canadian Real Estate Association says both buyers and sellers appear to be holding off for the time being.

“We’re only in November, but it appears many would-be home buyers have already gone into hibernation,” said CREA chair Larry Cerqua in a press release on Wednesday.

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