Existing home sales data from CREA
- Prior was -1.3%
- Worst one-month decline since Jan 2015
A drop was expected because of the surprise foreign home buyers tax in British Columbia. If anything, this probably wasn't as bad as expected.
![](http://az705044.vo.msecnd.net/20160915/canada-existing-home-sales-mm-aug-2016.png)
A drop was expected because of the surprise foreign home buyers tax in British Columbia. If anything, this probably wasn't as bad as expected.
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