Canadian home sales rise most since August

Bloomberg

Canadian home sales rose last month at the fastest pace since August as a surge in transactions in Vancouver and Toronto offset a cooling elsewhere.  The number of homes changing hands in April rose 2.7 percent from a month earlier, the Canadian Real Estate Association said today in a statement, as sales jumped 14 percent in Vancouver and 4.6 percent in Toronto.  The national average price of a home sold was  0.8 percent from March and 7.6 percent from a year earlier, it said.   Gains in Canada's two largest real estate markets are masking softness in other parts of Canada, where government efforts to slow housing demand may be having no effect.  From a year ago, national sales are down 0.3 percent.

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