October 15, 2014 / 1:18 PM / in 3 years

Canadian home sales fall in September from August: CREA

TORONTO (Reuters) - Sales of existing homes in Canada dropped in September from August, the first decline since January and a sign that momentum in Canada’s hot housing market may finally be waning, the Canadian Real Estate Association said on Wednesday.

Realtors' signs are hung outside a newly sold property in a Vancouver neighbourhood where houses regularly sell for C$3-C$4 million ($2.7-3.6 million) September 9, 2014. REUTERS/Julie Gordon

The industry group for Canadian real estate agents said sales activity was down 1.4 percent last month from August. Actual sales for September, not seasonally adjusted, were up 10.6 percent from September 2013.

CREA’s home price index rose 5.3 percent from September 2013.

Reporting by Andrea Hopkins Editing by W Simon

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