Canada home resales rise for fourth straight month

* Home resales in November rise 4.8 percent to 37,658

* Average price rises 2 pct to C$344,268 from year ago

TORONTO, Dec 15 (BestGrowthStock) – Sales of existing homes in
Canada rose 4.8 percent in November, gaining for a fourth
straight month, the Canadian Real Estate Association said on
Wednesday.

The industry group said a total of 37,658 homes changed
hands in November, up from 35,936 in October. Compared to a
year ago, sales activity is 9.3 percent lower.

Seasonally adjusted activity was up from October levels in
two-thirds of all local markets, including eight of Canada’s 10
most active markets.

CREA said the national average price in November rose to
C$344,268 ($342,555), up 2 percent from November last year.

The number of new listings slipped 0.7 percent from the
previous month.
($1=$1.005 Canadian)
(Reporting by Ka Yan Ng; Editing by James Dalgleish)

Canada home resales rise for fourth straight month