March 15, 2018 / 1:20 PM / 3 months ago

Canadian home sales drop 6.5 percent in February: CREA

OTTAWA (Reuters) - Resales of Canadian homes fell by 6.5 percent in February from January to the lowest level in nearly five years, with declines seen in the cities of Toronto and Vancouver, the Canadian Real Estate Association said on Thursday.

A "For Sale" sign stands in front of a home that has been sold in Toronto, Canada, June 29, 2015. REUTERS/Mark Blinch

The industry group said actual sales, not seasonally adjusted, fell 16.9 percent from a year earlier.

Reporting by Leah Schnurr; Editing by Bernadette Baum

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