January Home Sales in Canada See Lowest Level Since 2009

January Home Sales in Canada See Lowest Level Since 2009
A house for sale sign is shown in front of a house in Oakville, Ont., west of Toronto, Feb.5, 2023. The Canadian Press/Richard Buchan
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Home sales in January were the lowest for the month since 2009 and down 37.1 percent compared with a year ago, the Canadian Real Estate Association said Wednesday.

The drop came as January sales also fell on a month-over-month basis as they dropped three percent compared with December.