Canada’s Real Estate Market Is in Full Recovery Mode

Canada’s realtors produced another strong month of sales and prices in September, with gains in most major markets in a sign of strength for the nation’s housing market.

The number of units sold rose 0.6% last month, extending a recent increase in activity that has seen transactions jump 16% from a year ago, the Canadian Real Estate Association said Tuesday. Benchmark home prices rose 0.5% in September, and are up 2.3% over the past four months. Markets in British Columbia led gains in both sales and prices last month, with the country’s oil-producing regions the only ones showing any weakness.