Category Archives: Real Estate

Canadian Home Sales Rebound 57% from April, But Still Down Sharply vs. 2019

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

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…