OTTAWA—The national average home price rose by eight per cent last month even as housing sales fell by 14.7 per cent from the year before, according to data released Tuesday.
National average home prices rose by eight per cent to $372,544 compared to last April — the third consecutive month in which the national average price rose by eight per cent from year ago levels, the Canadian Real Estate Association said.
Meanwhile, the number of previously occupied homes sold in April fell to 17,230 from 18,745 a year ago.
Tue May 17 2011
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