Canada: Home sales rose 1.3% in August

"National home sales rose 1.3% from July to August," the Canadian Real Estate Association (CREA) announced on Friday.

Key highlights:

• Actual (not seasonally adjusted) activity stood 9.9% below last August's level.
• The number of newly listed homes fell a further 3.9% from July to August.
• The MLS® Home Price Index (HPI) was up 11.2% year-over-year (y-o-y) in August 2017.
• The national average sale price climbed by 3.6% y-o-y in August.