National resale housing activity rose slightly in November 2011 over October 20111 according to stat's released by the Canadian Real Estate Association.

Some highlights:
•Sales activity rose slightly (+0.5 per cent) from October to November on a seasonally adjusted basis.
•Year-to-date sales remained in line with the 10 year average, but pulled further ahead of last year’s levels.
•The number of newly listed homes was down 3.4 per cent from October to November.
•The national housing market remains balanced, but is edging closer to seller’s market territory.
•The national average price posted a 4.6 per cent year-over-year gain in November, the smallest increase since January.

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