Canadian Home Sales Rose to 4th-Straight Record in 2004 - 2005-01-31
Canadian existing home sales climbed to a record for the fourth-straight year in 2004, buoyed by low mortgage rates and rising employment. Sales may fall this year, a real estate group said.
Sales climbed 4.8 percent from the previous year to 456,500 units, according to the Canadian Real Estate Association in Ottawa. The average selling price rose 9.7 percent to C$227,200 ($183,000) last year, the fifth-straight record.
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