Canadians home sales heat up in April as spring market roars to life

 

Canadian home sales were up 2.7% from March to April, boosted by the Vancouver and Toronto markets, according to the Canadian Real Estate Association.

However, sales through the Multiple Listings Service were down 0.3% compared with a year ago and one per cent below the 10-year average.

The national average price for a home sold in April was $409,708, up 7.6% from a year ago.

The aggregate co

The association says the April sales were up compared with March in half of all local housing markets, dominated by a rebound in Vancouver and Toronto.

The national sales-to-new listings ratio was 51.9% in April compared with 52% in March, suggesting the market was in balanced territory.

mposite MLS Home Price Index was up 5.02%.

 

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