September 17, 2018 / 1:23 PM / a month ago

Canadian home sales rise in August from July: CREA

TORONTO (Reuters) - Resales of Canadian homes rose 0.9 percent in August from July, notching the fourth straight monthly rise but remaining below the highs seen in recent years, the Canadian Real Estate Association said on Monday.

FILE PHOTO: A sign advertises a house for sale on a residential street in midtown Toronto, Ontario, Canada, July 12, 2017. REUTERS/Chris Helgren/File Photo

The industry group said actual sales, not seasonally adjusted, fell 3.8 percent from a year earlier, while the group’s Home Price Index was up 2.5 percent from August 2017.

Reporting by Fergal Smith; Editing by Chizu Nomiyama

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