OTTAWA—Canada’s housing market rebound appears to be slowing amid diminishing increases in national home sales, says the Canadian Real Estate Association. ( DARRYL DYCK / THE CANADIAN PRESS file photo )However, August home sales simultaneously experienced a 3.8 per cent non-seasonally-adjusted year-over-year drop. The Greater Vancouver Area saw a 36.7 per cent year-over-year non-seasonally-adjusted decrease in sales activity while Fraser Valley and Victoria saw 39.5 per cent and 17.6 per cent drops respectively, according to CREA. GTA home sales rose 7.6 per cent year-over-year to 6,839 in August from 6,357 the year before. It said the slight uptick in sales and the lack of new home listings pushed the Multiple Listing Service home price index up 2.5 per cent year-over-year.

Source: thestar September 17, 2018 18:45 UTC