OTTAWA — Home sales via Canadian MLS Systems rose by 1.9% in May, according to the latest data from the Canadian Real Estate Association. Together with monthly gains in March and April, activity in May reached the highest level since January 2018. Sales stood 8.9% above the six-year low reached in February 2019, but this latest increase has only just returned levels to their historical average. While May sales were only up in half of all local markets, that list included almost all large markets, led by gains in both the Greater Vancouver and Greater Toronto areas. Actual (not seasonally adjusted) sales activity was up 6.7% compared to May 2018, marking the largest year-over-year gain recorded since the summer of 2016.
Home resales rise again in May
Most Recent
Most Read
GMS acquires Florida distributor
Fri, August 30th, 2024
Loblaw pilots sitting cashiers
Fri, August 30th, 2024
Don’t miss the incredible speakers at the Hardlines Conference!
Fri, August 30th, 2024
Home Hardware dealer garners NHPA's Young Retailer Award
Thu, August 29th, 2024
GMS posts Q1 results
Thu, August 29th, 2024
NHPA conference presents strategies for weathering bad times
Thu, August 29th, 2024
More Canadians say they’re bagging their own groceries
Thu, August 29th, 2024
RONA Foundation launches campaign
Thu, August 29th, 2024
Throwback Thursday: 10 years ago, Orgill show in Chicago reflected hardlines "turbulence" in Canada
Thu, August 29th, 2024
Tando Composites names Reese Wholesale as flagship dealer
Wed, August 28th, 2024