Home resales jump unexpectedly in December

Sales of existing Canadian homes rose 8.7 percent between November and December 2023. That put December on par with some of last year’s relatively stronger months recorded over the spring and summer. The actual (not seasonally adjusted) number of transactions came in 3.7 percent above December 2022, the largest year-over-year gain since August. On an annual basis, home sales totalled 443,511 units in 2023, a decline of 11.1 percent from 2022.