Sales of existing homes in Canada slumped in December, led by declines in Calgary and Edmonton, as tumbling oil prices hurt home buyer demand in the resource-dependent region of the country, the Canadian Real Estate Association (CREA) said on Thursday,
The industry group for Canadian real estate agents said sales were down 5.8 percent last month from November. Actual sales for December, which are not seasonally adjusted, were up 7.9 percent from December 2013.
CREA's home price index rose 5.4 percent from December 2013.
Click here for full story: Canadian home prices drop in December: CREA