OTTAWA—The Canadian Real Estate Association says the national average price for homes sold in July fell compared with a year ago, the first year-over-year drop since February 2013. The association says the average price for a home sold last month was $478,696, down 0.3 per cent from July 2016, due to fewer sales in Toronto and Vancouver compared with last year. Excluding Greater Vancouver and Greater Toronto, the national average price was $381,297, up from $365,033 a year ago. Read more: Plunging GTA home sales lead to biggest national monthly decline since 2010Home sellers struggling with closing complications after big chill hits market

Source: thestar August 15, 2017 13:52 UTC