Canadian Home Sales Slump in March

The Canadian Real Estate Association (CREA) has reported that Canadian home sales slumped <-14.3%> in March from February as economic turmoil related to the COVID-19 pandemic pushed buyers and sellers to the sidelines over the second half of March. CREA said actual sales, not seasonally adjusted, rose 7.8% year-over-year while the group’s Home Price Index was up 6.9% from March last year.

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