February 14, 2020 / 2:26 PM / 10 days ago

Canadian home sales fall in January, real estate group says

FILE PHOTO: A For Lease sign at a downtown office building in Calgary, Alberta, Canada December 6, 2019. REUTERS/Todd Korol/File Photo

TORONTO (Reuters) - Canadian home sales fell 2.9% in January from the previous month as a slowdown in the Lower Mainland of British Columbia weighed, the Canadian Real Estate Association said on Friday.

The industry group said actual sales, not seasonally adjusted, rose 11.5% from a year earlier, while the group’s Home Price Index was up 4.7% from January last year.

Reporting by Fergal Smith; Editing by Chizu Nomiyama

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