Canadian home sales edged lower in July amid uncertainty over future of borrowing costs
Canada’s housing market slowed in July, with sales falling for the first time in five months amid uncertainty over the future of borrowing costs.
The number of home resales fell 0.7 per cent in July over the previous month after removing seasonal influences, according to the Canadian Real Estate Association (CREA). Declines in transactions in the Toronto region and the Fraser Valley offset increased activity in Calgary, Edmonton and Montreal.
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