Canadian home sales decreased by 0.7% in July, as reported by the Canadian Real Estate Association, indicating a potential slowdown in the market.
The national average home sale price in July was $667,317, showing a slight decline of 0.2% compared to the same period last year.
In terms of newly listed properties, there was a 0.9% increase month over month, particularly driven by a surge in listings in Calgary.
While Calgary and the Greater Toronto Area experienced declines, markets like Edmonton and Hamilton-Burlington reported increases in home sales, highlighting regional disparities.
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