Home sales rose in May for the first time since November
Canadian home sales climbed 3.6 per cent in May in the first increase since November, but the real estate industry cautions it is too early to say the country’s housing market is rebounding after a two-year slump.
There were 37,626 home sales last month after adjusting for seasonal influences, according to the Canadian Real Estate Association, or CREA. That was higher than April when selling activity was essentially flat after months of consecutive declines. The swell in activity was similar to November when sales rose 3.2 per cent month over month.
Categories
Recent Posts
Market conditions favour buyers, so why are sales of new homes so low?
Public hearings show tension over Vancouver’s push for density
Competition bureau warns of rental price-fixing, the Home of the Week and more top real estate stories
Coquitlam townhouse sells in a day amid general buyer malaise
Toronto home sales climb for third straight month as buyers gain leverage over sellers
GTA home sales down year-over-year in June, listings up: real estate board
Toronto-area home prices plunge more than 5% in June — the largest year-over-year drop in years
Siblings renovate Toronto home through co-ownership
In Calgary, condos become a hard sell
Calgary house cuts price three times to compete with new builds
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "