June 15, 2020 / 1:12 PM / 19 days ago

Canadian home sales rise rebound by a record 56.9% in May -CREA

TORONTO, June 15 (Reuters) - Canadian home sales rebounded by a record 56.9% month-over-month in May after plunging in April, the Canadian Real Estate Association said on Monday.

The industry group said actual sales, not seasonally adjusted, fell 39.8% from a year earlier, while the group’s Home Price Index was up 5.3% from May last year. (Reporting by Fergal Smith)

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