Real estate: May home sales, prices rise year-over-year
Canada’s real estate market continued to heat up in May with home sales posting their first year-over-year increase since June 2021 and the average price seeing its first year-over-year gain in a year.
The findings released by the Canadian Real Estate Association on Thursday suggested a marked shift away from the sluggish sales and slumping prices the country has seen since last year.
“The rebound has been evident for a number of months at this point, but May really drove the point home,” CREA chair Larry Cerqua said in a news release.
The association said the number of home sales