Property sales and prices falling in Canada as realtors predict challenging time

[Nicholas Wallwork]

The number of newly listed properties and real estate sales in general are falling in Canada, according to the latest figures to be published.

Seasonally adjusted sales activity decreased by 8.2% in June from the previous month, the data from the Canadian Real Estate Association (CREA) shows. The decline was led by lower activity in Toronto and Calgary, but sales fell in almost 70% of local markets.

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