Latest / The Canadian Real Estate Investor
Canada’s Housing Market Is Splitting in Two
CREA says home sales jumped 5.5% in May, but that "comeback" deserves a closer look. The seasonally adjusted bounce was real, yet actual sales were still 5.1% below last May, itself one of the weakest years in two decades. We break down why a strong monthly percentage can hide a market sitting near a 20-year low.
The real story underneath: Canada has split into two housing markets. Ontario and B.C. remain below their January 2022 peaks (down 16.1% and 9.1%), while New Brunswick, Newfoundland, Saskatchewan and much of the country sit near record highs. One national press release, two…
The skinny
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