Canada home sales rise 2.5 percent in March: CREA

Mon Apr 16, 2012 9:22am EDT
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TORONTO (Reuters) - Canadian existing home sales edged up in March from February and a year earlier, but the size of the increase from year-earlier levels continued to shrink, the Canadian Real Estate Association said on Monday.

The report also showed the national average home price edged down 0.5 percent on a year-over-year basis in March, further suggesting Canada's once red-hot housing market is cooling.

(Reporting By Jon Cook; Editing by Jeffrey Hodgson)