Canada home resales recede 8.2 pct in June

* Average price up 4.9 percent from a year earlier

* New listings slip 6.8 percent

TORONTO, July 15 (BestGrowthStock) – Sales of existing homes in
Canada dropped 8.2 percent in June from the previous month and
new listings fell as well, in further signs of a cooling
housing sector, according to industry data on Thursday.

A total of 33,959 homes changed hands in June, the Canadian
Real Estate Association (CREA) said. Sales are down 19.7
percent from a year ago.

CREA said the national average price in June rose 4.9
percent from a year earlier to C$342,662 ($332,681).

The number of new listings slipped 6.8 percent from the
previous month, following a monthly decline of 4.8 percent in
May.

Stock Market Money

($1=$1.03 Canadian)
(Reporting by Ka Yan Ng; Editing by Jeffrey Hodgson)

Canada home resales recede 8.2 pct in June