Canada home resales rebound in January - CREA

Tue Feb 16, 2016 9:11am EST
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TORONTO Feb 16 (Reuters) - Sales of existing homes in Canada rebounded in January from December as strong demand in Toronto and Vancouver offset declines in Calgary and Edmonton, a report from the Canadian Real Estate Association showed on Tuesday.

The industry group for Canadian real estate agents said sales activity was up 0.5 percent last month from December. Actual sales for January, not seasonally adjusted, rose 8 percent from January 2015.

CREA's home price index rose 7.7 percent from January 2015. (Reporting by Andrea Hopkins; Editing by Chizu Nomiyama)