Canadian home sales rise, prices flat in May on a monthly basis
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FILE PHOTO: Construction workers work on new homes in Ottawa, Ontario, Canada, May 27, 2021. REUTERS/Patrick Doyle/File Photo
OTTAWA (Reuters) -Canadian home sales rose 3.6% in May from April and were down 4.3% on an annual basis, data from the Canadian Real Estate Association showed on Monday.
The industry group's Home Price Index was almost unchanged on the month and was down 3.5% annually, while the national average selling price was down 1.8% on the year.
(Reporting by Promit Mukherjee)
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