Mortgage News
Canadian home sales heat up in April
Canadian home sales were up 2.7% from March to April, boosted by the Vancouver and Toronto markets, according to the Canadian Real Estate Association.
Published
The spring/summer market is off to a running start with April sales rising 2.7% from the previous month. The Canadian Real Estate Association (CREA) reported that the boost was largely fueled by large urban markets such as Vancouver and Toronto. The national average home price came in at $409,708.
CREA went on to report that the national sales-to-new-listings ratio was 51.9% in the month of April, compared to 52% in March, a sign of a balanced market.