Home resales fall further in July

OTTAWA — Sales of existing homes across Canada declined by 2.1% between June and July, according to the Canadian Real Estate Association, with decreases recorded in almost two-thirds of markets. The drop was the fourth consecutive monthly decline. Actual (not seasonally adjusted) fell 11.9% year-over-year. The number of newly listed homes edged down by 1.8% compared to June, while the national average sale price decreased by 0.3% year over year.