Sales of existing Canadian homes climbed 5.2 percent in March to set another new all-time record, according to the Canadian Real Estate Association. In the face of continuing strong demand, the increase in sales was likely the result of an increase in new supply. Sales gains were largest in March in Greater Vancouver, Calgary, Edmonton, Hamilton-Burlington, and Ottawa. Actual (not seasonally adjusted) sales activity for the month was up 76.2 percent.
Home resales set new record
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