After four months of gradual but steady gains, Canada’s housing market saw sales decline in September, data from the Canadian Real Estate Association showed on Thursday.

However, this was the best month of September for sales since 2021, CREA senior economist Shaun Cathcart said.

“While the trend of rising sales that began earlier this year took a breather in September, activity was still running at the highest level for that month since 2021, and that was true in July and August as well,” Cathcart said.

Compared with August, home sales in Canada declined by 1.7 per cent, marking the first monthly decline since April.

The decline came largely because of falling sales in five major markets — Greater Vancouver, Calgary, Edmonton, Ottawa and Montreal — CREA said.

However, the Greater

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