The Canadian Real Estate Association says the number of residential properties that changed hands in October was lower compared to a year ago, as prices also fell.

There were 42,068 home sales across the country last month, down 4.3 per cent from October 2024.

But home sales ticked up 0.9 per cent on a month-over-month basis, marking the sixth such increase in the past seven months.

"After a brief pause in September, home sales across Canada picked back up again in October, rejoining the trend in place since April," said CREA senior economist Shaun Cathcart in a news release.

"With interest rates now almost in stimulative territory, housing markets are expected to continue to become more active heading into 2026, although this is likely to be tempered by ongoing economic uncertainty."

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