Canadian Home Sales Drop Further in September
Canadian home sales fell 2.3 percent in September following an August decline as higher mortgage rates and rate hike expectations cooled the housing market. The national home price index slipped 0.4 percent from the previous month, according to the Canadian Real Estate Association.
Canada home sales fell 2.3% month-over-month in September, driven by higher mortgage rates and shifting rate expectations. The decline extends a 0.7% drop recorded in August, cooling activity across the housing market.
