09:05 AM EDT, 08/13/2024 (MT Newswires) -- Scotiabank noted that the Canadian Real Estate Association (CREA) will publish on Thursday data for existing home sales in July.

Existing home sales for July will seek to build upon the almost 4% m/m seasonally adjusted (SA) gain in June, said the bank.

Sales have been seesawing since December's massive gain of almost 9% m/m SA and then January's 3.7% gain pulled forward momentum from February through May, pointed out Scotiabank.