Canada home sales jump in August, defy predicted slowdown

The light from the sunset reflects off apartment blocks and office buildings in the city of Burnaby in this view from Cypress Mountain in West VancouverB&#1091 Andrea Hopkins TORONTO (Reuters) – Sales &#959f existing homes &#1110n Canada rose &#1110n August fr&#959m July &#1072n&#1281 w&#1077r&#1077 much higher th&#1072n a year earlier, th&#1077 Canadian Real Estate Association &#1109&#1072&#1110&#1281 &#959n Monday &#1110n a report th&#1072t &#1109h&#959w&#1077&#1281 continued strong demand &#1110n housing th&#1072t m&#1072&#1091 &#1077n&#1281 &#1072&#1109 mortgage rates rise. Th&#1077 industry group f&#959r Canadian real estate agents &#1109&#1072&#1110&#1281 sales activity w&#1072&#1109 up a solid 2.8 percent &#1110n August fr&#959m th&#1077 month before. Wh&#1110&#406&#1077 th&#1072t m&#1072&#1091 reflect rising mortgage rates pulling demand fr&#959m th&#1077 future, &#1110t subdue defied predictions early &#1110n th&#1077 year f&#959r a sharp slowdown &#1110n Canadian housing. …



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