Canadian home sales jump in August from July

Mon Sep 16, 2013 9:19am EDT
 
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TORONTO (Reuters) - Sales of existing homes in Canada rose in August from July and were much higher than a year earlier, the Canadian Real Estate Association said on Monday.

The industry group for Canadian real estate agents said sales activity was up 2.8 percent in August from the month before. Actual sales for August, not seasonally adjusted, were up 11.1 percent from a year earlier.

CREA's home price index rose 2.9 percent in August from a year earlier.

(Reporting by Andrea Hopkins; Editing by James Dalgleish)

 
The light from the sunset reflects off apartment blocks and office buildings in the city of Burnaby in this view from Cypress Mountain in West Vancouver, British Columbia August 20, 2013. REUTERS/Andy Clark