Canadian June Existing Home Sales Rise to Four-Year High
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Canadian existing home sales rose to the highest in more than four years in June on gains in Vancouver and Montreal, a pace realtors said may slow in coming months after a burst of buying followed a winter chill.
Sales rose 0.8 percent to 41,186 in June, the fifth straight monthly increase and the most since March 2010, the Canadian Real Estate Association said in a statement today from Ottawa. The average price rose 6.9 percent to C$413,215 ($385,138) from a year earlier on a non-seasonally-adjusted basis and sales have gained 11.2 percent over that time.