Canadian home sales fall 6.7 percent in June; prices keep rising in Vancouver and Fraser Valley

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      The Canadian Real Estate Association's latest statistics suggest that Ontario's Golden Horseshoe's housing market is experiencing a correction—with a monthly drop of 3.59 percent in Oakville-Milton and 0.71 percent in Greater Toronto.

      Vancouver, on the other hand, continues to see higher prices, even though the number of sales is off from the previous year.

      The multiple-listing-service benchmark price in Vancouver is up 1.79 percent from a month ago to $998,700. The benchmark price has risen 7.01 percent from three months ago.

      Year-over-year, prices were up 7.9 percent in Greater Vancouver and 13.9 percent in the Fraser Valley.

      Nationally, sales were down 6.7 percent in June from May. Actual sales last month in Canada were off 11.4 percent below last year's total for June. 

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