Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Canadian home sales rose for the first time in six months in September with a 0.9% gain led by smaller cities in a sign of a continued migration amid the pandemic, and the average price climbed 14% from a year earlier.
Sales were 18% lower than a year earlier, reflecting a spring swoon as a lack of listings for sale and record price pressures discouraged some buyers. September sales are still the second-highest for that month on record, behind only the same month last year, the Canadian Real Estate Association reported Friday. The sales to new listings rate of 75% remains above the typical rate of 55%.
"The issue is that demand/supply conditions are stabilizing in a place that very few people are happy about. There is still a lot of demand chasing an increasingly scarce number of listings, so this market remains very challenging," CREA Chair Cliff Stevenson said in the report.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.