July was the third consecutive month of fewer Home sales across Canada with the number of Home sales down 1.3 per cent nationally between June and July.
The national Home sales were down 2.9 per cent compared to July last year.
Vancouver is responsible for the recent cooling of national Home sales figures.
Excluding Toronto and Vancouver Home prices, the average Home price was $365,033, up 7 per cent compared with July last year.
According to some forecasts, Home prices are expected to fall 10 per cent between now and the end of next year.
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