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Canadian home sales fall
OTTAWA: Canadian home sales extended their decline in September, after a drop in August, as higher mortgage rates and expectations of a Bank of Canada rate hike dampened activity, the Canadian Real Estate Association said in its monthly note on Friday. National home sales declined 2.3 percent month-over-month in September following a drop of 0.7 percent in August. Sales were down 7.7 percent on an annual basis, without seasonal adjustment. The industry group’s Home Price Index was down 0.4 percent on a monthly basis and was down 3.4 percent from a year ago. After a rebound in August, the numbe...
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