Canada home resales drop again as rates rise 

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Canada home resales drop again as rates rise 
 © CyprusWeekly 2017
The resale of Canadian homes fell 6.7 percent in June from May, the largest monthly drop since 2010 and the third straight monthly decline as sales in Toronto plunged, the Canadian Real Estate Association said on Monday.

The industry group said actual sales, not seasonally adjusted, slumped 11.4 percent from June 2016, while home prices surged 15.8 percent from a year earlier, according to the group’s home price index.

CREA said changes to housing rules in Ontario, Canada’s most populous province and home to Toronto, prompted homebuyers to wait and see how the...


Canada home resales drop again as rates rise 


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