Home sales slipped lower in January for the second month in a row. The Canadian Real Estate Association says sales through its multiple listing service in January were down 2.0 per cent compared with a year ago. Compared with December, January's sales were down 3.1 per cent.
The national average price for a home sold in January was $401,143, up 3.1 per cent from a year ago.
CREA says it was the smallest year-over-year increase since April 2013.