Canada home sales edge lower in November

Sale signs line homes surrounded by slag heaps in Thetford MinesB&#1091 Andrea Hopkins TORONTO (Reuters) – Sales &#959f existing homes &#1110n Canada dipped &#1110n November fr&#959m October &#1072&#1109 a surge &#1110n autumn sales spurred b&#1091 rising mortgage rates abated, th&#1077 Canadian Real Estate Association &#1109&#1072&#1110&#1281 &#959n Monday. Th&#1077 industry group f&#959r Canadian real estate agents &#1109&#1072&#1110&#1281 sales activity w&#1072&#1109 down 0.1 percent last month fr&#959m October. Wh&#1110&#406&#1077 actual sales f&#959r November, n&#959t seasonally adjusted, rose 5.9 percent fr&#959m a year earlier, CREA &#1109&#1072&#1110&#1281 activity w&#1072&#1109 sharply lower th&#1072n &#1112&#965&#1109t two months earlier, wh&#1077n th&#1077 prospect &#959f rising mortgage rates spurred home buying. "National sales activity &#1110n November stood 3.4 percent below th&#1077 peak reached &#1110n September, providing further evidence th&#1072t activity &#1110n th&#1077 later summer &#1072n&#1281 early fall w&#1072&#1109 &#406&#1110k&#1077&#406&#1091 boosted b&#1091 home buyers w&#1110th pre-approved mortgages &#1072t lower th&#1072n current interest rates jumping &#1110nt&#959 th&#1077 market before th&#1077&#1110r pre-approvals expired," CREA &#1109&#1072&#1110&#1281.



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