Canadian Home Sales Hit Record High

Canadian home sales rose to a record in December just before tougher mortgage rules took effect, helping make 2017 the second strongest market ever.

Transactions climbed 4.5 percent from November to 45,976, the Canadian Real Estate Association reported Monday from Ottawa, and are up 9 percent over the past two months. That’s the biggest two-month gain since 2009. The national benchmark price index was little changed on the month and was up 9.1 percent from 12 months earlier.

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