Residential sales fall in Canada after previously setting all time monthly record

National home sales in Canada fell in May after setting an all-time monthly record the previous month with a decline of 2.8% recorded, the latest index data shows. The figures from the Canadian Real Estate Association (CREA) also show that the national average price has increased by 13.2% year on year but when Greater Toronto and Greater Vancouver are excluded this drops to 9.1%. Sales activity dropped in about 70% of all markets, led by those in British Columbia and Ontario where the number of ...