Canadian home sales fell roughly 4% between July and August as market slows: CREA
The national housing market slowed last month with sales and prices tumbling between July and August as the Bank of Canada’s latest interest rate hike rattled buyers.
The Canadian Real Estate Association (CREA) revealed Friday that seasonally adjusted sales totalled 38,345 in August, down 4.1 per cent from July. The actual number of sales amounted to 40,257, up 5.3 per cent from a year earlier.
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