Canadian housing markets are showing some tentative signs of recovery. realestate realestatenews housingmarket Canada
Tentative signs of recovery began to show in housing markets across Canada in March, with both home resales and prices inching up for a second consecutive month., home sales rose 1.4% month-over-month in March, marking the fourth increase in the past six months.
“The year-long winter in Canada’s housing market appears to be ending,” said Robert Hogue, Assistant Chief Economist at RBC in a , sellers are still lying in wait. New listings dropped 5.8% from February to March, the fourth decline in the last five months.noted Scotiabank economist Farah Omran“With only one side of the ledger recovering, this would reintroduce imbalances to the market and reverse some of the improvements we have seen over the past year towards a more balanced and sustainable market and conditions,” Omran said in a Housing News Flash.The sales-to-new-listing ratio edged up to 63.
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