Canadian home sales cool again in February
OTTAWA - There's more evidence that Canada's real estate market is continuing to cool.
The Canadian Real Estate Association says resales of houses and condos through its members fell 2.1 per cent month-to-month in February.
That reversed a small gain in January.
On a year-over-year basis, last month's activity was down 15.8 per cent — a decline that was exaggerated slightly by an extra day in February 2012
The association says the national average price for homes sold in February through its members was $368,895.
That is a one per cent decline from the same month last year — although CREA says there would have been a small increase without Vancouver's numbers.