OTTAWA (Reuters) – Canadian home sales rose 1.3% in October from September, the first month-over-month gain since February, data from the Canadian Real Estate Association showed on Tuesday.
The national average selling price edged up 0.65% to C$644,643 ($486,340) in October from C$640,479 in September, but was down 9.9% on the year. CREA’s home price index fell 1.2% on the month and was down 0.8% annually.
($1 = 1.3255 Canadian dollars)
(Reporting by Julie Gordon in Ottawa)