March 15, 2017 / 1:28 PM / in 8 months

Canada home resales rise in February: CREA

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.

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

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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