Real Estate

OTTAWA — The Canadian Real Estate Association says home sales in January were up 2.9 per cent compared with a year earlier, but noted that fell off at the end of the month.

Canada Mortgage and Housing Corp. says the annual pace of housing starts in January rose three per cent compared with December, helped by strength in multi-unit starts in Quebec and B.C.

VANCOUVER — Real estate sales across British Columbia were up in January compared with the year before, but average prices went down slightly. The B.C. Real Estate Association says in a statement that the 4,221 residential sales in January were up 6.

Provincial building permit data already reveals slowing residential development.

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TORONTO — Average asking rents across Canada hit an 18-month low in January, declining 4.4 per cent on an annual basis to $2,100. A monthly report by Rentals.