April 15, 2019 / 1:27 PM / 2 months ago

Canadian home sales rise in March but hold near six-year lows: CREA

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

TORONTO (Reuters) - Canadian home sales rose 0.9% month-over-month in March, edging higher after a sharp drop in the previous month, the Canadian Real Estate Association said on Monday.

While sales rose in March, activity held near some of the lowest levels recorded in the last six years, the industry group said. Actual sales, not seasonally adjusted, fell 4.6% from a year earlier, while the group’s Home Price Index was down 0.5% from March last year.

Reporting by Fergal Smith; Editing by Chizu Nomiyama

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