Canada Home Sales Rise 0.7% in April as Benchmark Price Slips to C$658,100
Updated
Updated · Bloomberg · May 14
Canada Home Sales Rise 0.7% in April as Benchmark Price Slips to C$658,100
8 articles · Updated · Bloomberg · May 14
April home sales in Canada rose 0.7% from March, signaling a modest pickup in activity as the spring buying season drew more bidders into the market.
Recent price declines helped lure buyers back, but new listings increased faster than sales, keeping pressure on prices.
The seasonally adjusted benchmark home price fell 0.1% from March to C$658,100, according to the Canadian Real Estate Association.
That marked the slowest monthly price decline since October, suggesting the housing market's recent downturn may be easing even as supply remains ample.
With home prices down 30% from their peak, is Canada's housing correction nearing its end?
Amid Canada's first population decline, which cities will see their housing markets shrink or boom?
As US trade pressure mounts, will Prairie housing markets continue to defy the national downturn?