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Canada home sales, average price fall on month in July

Canada home sales, average price fall on month in July
FILE PHOTO: A row of houses under construction is seen at a subdivision near the town of Kleinburg, Ontario, Canada May 13, 2017. REUTERS/Chris Helgren

Canadian home sales fell 3.5% in July from June, with the average selling price declining for the fourth straight month, data from the Canadian Real Estate Association showed on Monday.

The national average selling price was C$661,788 ($527,069) in July, down 2.5% from June but up 15.6% from a year earlier, the industry group said.

Actual sales, not seasonally adjusted, fell 15.2% from a year earlier, while CREA’s Home Price Index was up 22.2% on the year and up 0.6% from June.

($1 = 1.2556 Canadian dollars)

 

(Reporting by Julie Gordon in Ottawa)

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Harry Miller is a writer and editor based in Toronto with 14 years of experience in the journalism industry. Before joining Canada News Media as a National Online Journalist, Miller worked as a senior writer and a reporter-editor with the Canadian Press and as a breaking news reporter with the Toronto Star. At Canada News Media he covers national news and the trending stories Canadians are searching for. Miller holds two bachelor's degrees, one in journalism from Ryerson University and another in communications and film studies from Carleton University.

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