Canadian Real Estate Association

Red Hot Dept: TORONTO - Home sales across the country declined marginally last month, continuing a recent trend toward a gradual cooling in what had been a red hot market, according to the Canadian Real Estate Association, according to Winnipeg Free Press. And though prices were above year-ago levels in about seven of every 10 local markets, falling sales in Greater Vancouver drove the national average lower and a house "sold" sign in Oakville, Ont., Monday, July 23, 2012. Home sales across the country declined marginally last month, continuing a recent trend toward a gradual cooling in what had been a red hot market, according to the Canadian Real Estate Association. THE CANADIAN PRESS/Richard Buchan Overall, CREA said Wednesday resale housing numbers were down just 0.01 per cent in July compared with June, although non-seasonally adjusted sales were up 3.3 per cent last month compared with July 2011. (www.immigrantscanada.com). As reported in the news.