June 15, 2016 / 1:12 PM / in a year

Canadian existing home sales slip in May from April - CREA

TORONTO, June 15 (Reuters) - Sales of existing Canadian homes fell 2.8 percent in May from a record high in April as inventories fell to all-time lows in key regions while prices continued to climb, a report from the Canadian Real Estate Association showed on Wednesday.

The industry group said its Canadian home price index was up 12.5 percent in the month from a year earlier, while actual sales, not seasonally adjusted, rose 9.6 percent from May 2015. (Reporting by Andrea Hopkins; Editing by Chizu Nomiyama)

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