Canada home resales down in January, prices still climbing

Ottawa

RESALES of Canadian homes fell 1.3 per cent in January from December, as sales in Toronto, Vancouver and Montreal all declined, a report from the Canadian Real Estate Association showed on Wednesday.

The industry group said actual sales, not seasonally adjusted, were up 1.9 per cent from January 2016, while home prices were up 15.0 per cent from a year ago, according to the group's home price index.