January 15, 2018 / 2:11 PM / a year ago

Canadian home sales rise for 5th straight month in December-CREA

Jan 15 (Reuters) - Resales of Canadian homes rose 4.5 percent in December from November, the fifth straight monthly rise, likely because activity was pulled forward to avoid mortgage rule changes that hit in January, the Canadian Real Estate Association said on Monday.

The industry group said actual sales, not seasonally adjusted, rose 4.1 percent from December 2016, while home prices were up 9.1 percent from a year earlier, according to the group’s home price index. (Reporting by Andrea Hopkins in Ottawa and Fergal Smith in Toronto Editing by Chizu Nomiyama)

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