March 15, 2017 / 1:28 PM / 6 months ago

Canada home resales rise in February: CREA

A real estate for sale sign is pictured in front of a home in Vancouver, British Columbia, Canada, September 22, 2016. REUTERS/Ben Nelms/File Photo

OTTAWA (Reuters) - Resales of Canadian homes rose 5.2 percent in February from January, a report from the Canadian Real Estate Association showed on Wednesday.

The industry group said actual sales, not seasonally adjusted, were down 2.6 percent from February 2016, while home prices were up 16 percent from a year ago, according to the group’s home price index.

Reporting by Andrea Hopkins

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