Home resales edge down in November

Sales of existing Canadian homes dipped 0.9 percent in November from the previous month, according to the Canadian Real Estate Association. It was the smallest decline since July. The actual (not seasonally adjusted) number of transactions came in just 0.9 percent below November 2022. “I wouldn’t expect anything too headline-grabbing from the resale housing market for the next few months,” CREA chair Larry Cerqua said in a release.