Canadian Home Sales Fall for 5th Month in a Row, Down 29% From Last July: CREA

Canadian Home Sales Fall for 5th Month in a Row, Down 29% From Last July: CREA
A new home is displayed for sale in a new housing development in Ottawa on July 14, 2020. The Canadian Press/Sean Kilpatrick
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The Canadian Real Estate Association says home sales fell for the fifth consecutive month between June and July, but the latest drop was the smallest of the five.

On a seasonally adjusted basis, the association says sales in July fell 5.3 percent compared with June. The actual number of sales last month was 37,975, down 29 percent compared with July last year.