Canadian Home Sales Surge in November

Existing home sales in Canada rose to the tune of 73 percent in November when compared to the same month one year ago. The Canadian Real Estate Association said on Tuesday that 36,383 homes changed hands in November on a seasonally adjusted basis, 0.4 percentage points below the record high set in November 2007.

“As we predicted last April, the rebound in resale housing activity led the overall Canadian economy out of recession,” CREA President Dale Rippinger said in a statement.

Bloomberg

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.