Canadian homes sales plunge 11 per cent
Canadian home sales last month plunged nearly 11 per cent from a year earlier and prices were down 3.6 per cent, said a report from the Canadian Real Estate Association yesterday, adding to evidence that the long-running domestic housing boom has ended.
The national average price for Canadian home resales was $372,700 in June, up 8.7 per cent from the same month last year as the number of sales increased.