Home resales cool in September

OTTAWA — Home resales in September dipped by 0.4%, according to data from the Canadian Real Estate Association, marking the first decline since April. While sales activity is still somewhat stronger compared to the first half of this year, it remains well below most other months since 2014. Sales declined from August to September in slightly more than half of all local markets, despite gains in the Fraser Valley and Montreal. Actual (not seasonally adjusted) activity was down 8.9% compared to September of last year.