10/15/2015 10:47 EDT | Updated 10/15/2016 05:12 EDT

Canadian Average Home Price Rises To $433,649, But Sales Are Falling

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OTTAWA -- The Canadian Real Estate Association says home sales in September were down 2.1 per cent compared with August.

The association says sales through its Multiple Listing Service were down in more than half of all local markets in September, led by lower sales in Vancouver, Calgary and Toronto.

The number of newly listed homes slipped 2.1 per cent from August to September

Compared with a year ago, sales of homes through the Multiple Listing Service last month were up 0.7 per cent.

The national average price for a home sold in September was $433,649, up 6.1 per cent from the same month a year ago.

Excluding the Vancouver and Toronto markets, the average was $334,705, up 2.9 per cent from September last year.

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