Canada's major-market home sales in March via the Multiple Listing Service totaled 28,129 units on a seasonally adjusted basis, up 13.5 percent from February, according to The Canadian Real Estate Association. Monthly sales reached their highest level on record in a number of markets, including Vancouver, Calgary and Toronto. New listings climbed by 4.4 percent to 40,827 units on a seasonally adjusted basis and stood at their highest level since June 1993. Nonetheless, a bigger monthly increase in sales caused the housing market to tighten. Tight market conditions and continuing demand for higher priced homes pushed the major-market MLS residential average price up 11.2 percent year-over-year to $239,042, its highest level ever. The year-over-year rise in MLS residenti...
Get Inman via Facebook Messenger
Our top headlines delivered once a day.