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Canadian existing home sales slip in May from April - CREA

Published 2016-06-15, 09:11 a/m
© Reuters.  Canadian existing home sales slip in May from April - CREA

TORONTO, June 15 (Reuters) - Sales of existing Canadian
homes fell 2.8 percent in May from a record high in April as
inventories fell to all-time lows in key regions while prices
continued to climb, a report from the Canadian Real Estate
Association showed on Wednesday.
The industry group said its Canadian home price index was up
12.5 percent in the month from a year earlier, while actual
sales, not seasonally adjusted, rose 9.6 percent from May 2015.

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