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Canada Oct existing home sales highest on record
# E/ q/ q( w2 ?+ _Thu Nov 15, 2007 12:43 PM EST
" l6 v2 w! |* h2 x+ b9 m) WBy John McCrank
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加十月二手房销售量比去年同期增加7。6%,平均价格比去年同期增加增10.6%,还是卖方市场。% C2 B9 o! [) @- I! Y' w4 S
% J8 Y0 D+ a% i6 H9 e3 qTORONTO (Reuters) - Canadian existing home sales had their strongest October showing on record, and are on track to hit an annual record as well, the Canadian Real Estate Association said on Thursday. 6 n7 O) B9 B3 j- W, s8 d
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Sales were up 1.3 percent from September to 28,966 units. That followed three consecutive months of declines, said CREA, an industry trade organization representing over 92,000 realtors. CREA's records go back to 1980. 4 B3 P# C3 v. \
+ M6 E @, P+ uOctober sales were up 7.6 percent from the same month a year earlier. Sales in 2007 have risen year-over-year every month except September.
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"The trend in new listings shows there is no panic selling in Canada's housing market," CREA president Ann Bosley said in a release. C8 s$ V5 G3 \' \! g$ ~! q
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The unadjusted average resale home price rose 10.6 per cent to C$333,544 in October from a year earlier, the sixth consecutive month that the increase exceeded 10 percent. + Q) s: E! P: L3 S, V( S
. w8 y$ @- E: m' E" QThe strong numbers highlight the difference between the housing markets in Canada and the U.S., said Gregory Klump, CREA's chief economist.
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2 C! G0 w' }/ @+ g! H' b6 n"We're in two completely different gears," he told Reuters. "We've got further house price increases on the horizon, and in the States, house prices are on the decline." 3 W, R7 W0 M8 S6 Y
* E( P4 c+ ~8 [" O9 AData released in October showed U.S. sales of previously owned homes fell to a record low in September amid a crisis in U.S. subprime mortgage and credit markets. " ]; b4 a1 f$ ` _
5 d0 s2 h# S) Z1 n* n' LIn Canada, more than half the country's 25 major markets posted a monthly increase in activity, Klump said in the CREA release.
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; W1 G, b4 v) w5 ^; X3 dNegotiations still favor the seller in nearly all major markets, he said, suggesting demand remains strong. |
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