Home sales dipped 0.4% in September

The Canadian Real Estate Association says home sales in September fell 0.4% compared with August.

The association says it was the first month-over-month decline since April.

Sales fell in slightly more than half of all local markets, led by Vancouver Island and Edmonton, along with several markets in Ontario’s Greater Golden Horseshoe region.

The move lower came as home sales compared with a year ago fell 8.9%.

The national average price for a home sold in September was just under $487,000, up 0.2% compared with a year ago.

Excluding the Greater Toronto Area and Greater Vancouver Area, the average price was just over $383,000.

The Canadian Press

The Canadian Press is a national news agency headquartered in Toronto and founded in 1917.