The Canadian Real Estate Association hasn't even tabulated data from December, but Canadian home sales for the first 11 months of the year have already broken the full-year record reached in 2006.
According to CREA, 496,890 homes were sold in Canada by the end of November, a number that is already 2.7% higher for the full-year tally from 2006.
Year-over-year, seasonally adjusted November home sales rose 1.6% to 42,576 units for November, 2007. The average national price for a Canadian home rose 11.7% over the same period to $313,645.
