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Bloomberg
Increases in Toronto pushed Canadian housing sales higher for a third month, further evidence the country’s real estate market is regaining strength after it stumbled at the start of this year.
Transactions nationwide rose 1.9 percent from June to 38,612, bringing them back towards the 10-year average, the Canadian Real Estate Association said from Ottawa.
Sales in Toronto advanced 7.7 percent, while they climbed 5.6 percent in the Fraser Valley area near Vancouver. Benchmark home prices in the country were mixed, showing a 0.4 percent decline on the month and a 2.1 percent increase over the last 12 months.
Prices in Toronto fell by 0.5 percent in July from the prior month.