Markets across Canada experience spring surge Canada’s major housing markets appear to be shifting direction this spring. After a few months of sluggishness, early results from boards indicate that activity has picked up significantly in most markets, and prices have ticked higher. “There were hints for some time the cyclical bottom would be reached this…
Canadian Home Sales Rebound 57% from April, But Still Down Sharply vs. 2019 After the steepest decline on record in April, Canadian home sales posted a 56.9% rebound in May, while the number of new listings surged 69%. While the resurgence in activity suggests April was likely a bottom for the COVID-19-induced housing decline, there’s…
RBC widens mortgage lead just as Canada’s housing market shows signs of a revival Domestic mortgage book grew 8.6 per cent in the fiscal first quarter, the biggest year-over-year jump in more than a decade Royal Bank of Canada has widened its lead in mortgages against rival lenders as the nation’s housing market shows signs…
