Money Canada home resales fall in April, lowest in over 5 years: CREA

16:36  15 may  2018
16:36  15 may  2018 Source:   reuters.com

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Resales of Canadian homes fell 2.9 percent in April from March to the lowest level in more thanfive years , the Canadian Real Estate The number of newly listed homes fell 4.8 percent in April to hit a nine- year low for the month, 12 percent below the 10- year monthly moving average, CREA said.

Resales of Canadian homes fell 2.9 percent in April from March to the lowest level in more than five years , the Canadian Real Estate Association said on Tuesday. Canada 's once-hot housing market has cooled in recent months in response to rising interest rates and tighter mortgage rules - dubbed.

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Resales of Canadian homes fell 2.9 percent in April from March to the lowest level in more than five years, the Canadian Real Estate Association said on Tuesday.

a sign on the side of the road: FILE PHOTO: A woman walks towards a © REUTERS/Mark Blinch/File Photo FILE PHOTO: A woman walks towards a "for sale" sign of a home that has been sold in Toronto

The industry group said actual sales, not seasonally adjusted, fell 13.9 percent, while the group's Home Price Index was up 1.5 percent from April 2017.

(Reporting by Andrea Hopkins; Editing by Chizu Nomiyama)

Greater Toronto New Home Sales Clock Their Worst April In Decades .
Greater Toronto New Home Sales Clock Their Worst April In DecadesThe city has gone from earning descriptions like "record high home sales" a few years ago to superlatives like "biggest price drop in 17 years" in more recent months.

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