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Canadian home sales rise for sixth straight month in August

FILE PHOTO: A real estate assembly of houses marked for demolition stand next to a billboard advertising a future condominium to stand in their place, in Toronto, Ontario, Canada January 6, 2019. REUTERS/Chris Helgren

TORONTO (Reuters) - Canadian homes sales rose 1.4% in August from July, the sixth consecutive month of increased activity, the Canadian Real Estate Association said on Monday.

The industry group said actual sales, not seasonally adjusted, rose 5% from a year earlier, while the group’s Home Price Index was up 0.9% from August last year.

Reporting by Fergal Smith; Editing by Angus MacSwan

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