Canada Housing Resales Rise 4.1% in August From July

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Canadian existing home sales rose 4.1 percent in August from the previous month, the first increase since March, according to a realtor group.

Seasonally adjusted unit sales rose to 32,807 homes from 31,521 in July, the Canadian Real Estate Association said in a statement. Sales in August were 23 percent below year-ago levels and the average price for a home was little changed at C$324,928 ($316,000), the group said.