The Canadian Real Estate Association says home sales fell for the fifth consecutive month between June and July, but the latest drop was the smallest of the five.
On a seasonally adjusted basis, the association says sales in July fell 5.3 percent compared with June. The actual number of sales last month was 37,975, down 29 percent compared with July last year.
The average sales price was $629,971, down five percent from $662,924 last July and on a seasonally adjusted basis amounted to $650,760, a three percent drop from June.
Excluding the typically heated Greater Vancouver and Toronto Areas from the calculation cuts $104,000 from the national average price….