Canadian home sales rise

Resales of Canadian homes rose 4.5 percent in December from November, the fifth straight monthly rise, likely because activity was pulled forward to avoid mortgage rule changes that hit in January, the Canadian Real Estate Association said on Monday. The industry group said actual sales, not seas

BY admin
Published - Monday, 22 Jan, 2018

Resales of Canadian homes rose 4.5 percent in December from November, the fifth straight monthly rise, likely because activity was pulled forward to avoid mortgage rule changes that hit in January, the Canadian Real Estate Association said on Monday. The industry group said actual sales, not seasonally adjusted, rose 4.1 % from December 2016, while home prices were up 9.1 percent from a year earlier, according to the group's home price index.