Canadian home sales rise for 5th straight month in December-CREA

By Kitco News / January 15, 2018 / www.kitco.com / Article Link

Jan 15 (Reuters) - Resales of Canadian homes rose 4.5 percent in December from November, the fifth straight monthly rise, likely because activity was pulled forward to avoid mortgage rule changes that hit in January, the Canadian Real Estate Association said on Monday.

The industry group said actual sales, not seasonally adjusted, rose 4.1 percent from December 2016, while home prices were up 9.1 percent from a year earlier, according to the group's home price index.


(Reporting by Andrea Hopkins in Ottawa and Fergal Smith in Toronto Editing by Chizu Nomiyama)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Recent News

US tariff hikes shock market and drive retaliation

February 03, 2025 / www.canadianminingreport.com

Defensives and other sectors far outpace tech since H2/24

February 03, 2025 / www.canadianminingreport.com

Gold miner stock ETFs outpace rest of sector from mid-2024

January 27, 2025 / www.canadianminingreport.com

Gold stocks outpace broader equity gains

January 27, 2025 / www.canadianminingreport.com

Gold stocks rise but lag broader equity gains

January 20, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok