Mortgage News
Resales slow dramatically in May after a hot April
<br><br>OTTAWA -- Home sales fell 9.5% in May from the previous month as Canada's housing market began to wind down from record activity. Sales totalled 37,576 on a seasonally adjusted basis, down from 41,502 in April, due to a decline in purchases in Toronto, Vancouver and Ottawa, the Canadian Real Estate Association said this week.<br><br>
Published
OTTAWA -- Home sales fell 9.5% in May from the previous month as Canada's housing market began to wind down from record activity. Sales totalled 37,576 on a seasonally adjusted basis, down from 41,502 in April, due to a decline in purchases in Toronto, Vancouver and Ottawa, the Canadian Real Estate Association said this week.