Home resales dip in May

Sales of existing Canadian homes edged down 0.6 percent between April and May, the Canadian Real Estate Association has announced, remaining a little below the average of the last 10 years. Actual (not seasonally adjusted) monthly activity came in 5.9 percent below May 2023. The number of newly listed homes was up in May, though only by 0.5 percent on a month-over-month basis.