The number of homes sold in September dipped by 1.7 per cent compared to the previous month, breaking a five-month streak of increased sales activity, according to new data from the Canadian Real Estate Association (CREA).

There were 39,938 residential properties sold across the country last month, down from 40,615 sales in August.

The benchmark home price ticked down 0.1 per cent month over month and down 3.4 per cent year over year. The national average price of a home was $676,154 for the month.

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