Home sales cool in August, but average prices still well up from last year

Canada’s housing market continued to show signs of a slow cool-down in August, as the number of sales ticked lower even as selling prices still headed higher compared to where they were a year ago.

The Canadian Real Estate Association said Wednesday that the number of homes sold was 0.5 per cent lower in August than it was in July — and was off by about 14 per cent compared to the number of sales clocked this time last year.

About half of all markets are seeing more houses come on the market, while the other half are seeing fewer.

This story was originally published on  CBC News. To read the rest of this news worthy story, please visit https://www.cbc.ca/news/business/canada-home-sales-1.6176404?cmp=rss.

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