Ottawa, ON, October 15, 2013 - According to statistics released today by The Canadian Real Estate Association (CREA), national home sales posted a small month-over-month increase in September 2013.

Highlights:

•      National home sales edged up by 0.8% from August to September.

•      Actual (not seasonally adjusted) activity came in 18.2% above levels in September 2012.

•      The number of newly listed homes declined by 1.4% from August to September.

•      The Canadian housing market has tightened but continues to remain balanced.

•      The national average sale price rose 8.8% on a year-over-year basis in September.

•      The MLS® Home Price Index (HPI) rose 3.1% year-over-year in September.

The number of home sales processed through the MLS® Systems of Canadian real estate Boards and Associations and other co-operative listing systems edged up a modest eight-tenths of one percent on a month-over-month basis in September 2013.