Canada home sales edge lower in November

Mon Dec 16, 2013 9:10am EST
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TORONTO Dec 16 (Reuters) - Sales of existing homes in Canada dipped in November from October as a surge in autumn sales spurred by rising mortgage rates abated, the Canadian Real Estate Association said on Monday.

The industry group for Canadian real estate agents said sales activity was down 0.1 percent last month from October. Actual sales for November, not seasonally adjusted, rose 5.9 percent from a year earlier.

CREA's home price index rose 4.1 percent from November last year.