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Canadian home sales rose 7.2 pct in December from November: CREA

Kitco News

OTTAWA (Reuters) - Canadian home sales rose 7.2% in December from November, setting a new record amid a surge in demand in the Toronto and Vancouver areas, the Canadian Real Estate Association said on Friday.

The industry group said actual sales, not seasonally adjusted, rose 47.2% from a year earlier, while the group’s Home Price Index was up 13.0% from last December and up 1.5% from November.

Reporting by Julie Gordon in Ottawa; Editing by Chizu Nomiyama

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