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Canadian home sales rise in May for third straight month: CREA

FILE PHOTO: A builder works on the the roof of a new home under construction in the Montreal suburb of Brossard August 10, 2010. REUTERS/Shaun Best

TORONTO (Reuters) - Resales of Canadian homes rose 1.9% in May from the previous month, the third straight month of gains, the Canadian Real Estate Association said on Friday.

The industry group said actual sales, not seasonally adjusted, rose 6.7% from a year earlier, while the group’s Home Price Index was down 0.6% from May last year.

Reporting by Fergal Smith; Editing by Chizu Nomiyama

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