‘Green shoots’ in the housing market: A cross-Canada look that shows if you’re in buyers’ or sellers’ territory [Toronto Globe and Mail (Ontario, Canada)]
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Source: Toronto Globe and Mail
‘Green shoots’ in the housing market: A cross-Canada look that shows if you’re in buyers’ or sellers’ territory Briefing highlights ‘Green shoots’ Economists say they're seeing signs of "green shoots" in Canadian housing markets. "Further broad-based improvements in sales activity alongside balanced conditions in most regions continue to point to a return to a more vibrant market following the widespread slump in February," said Bank of Nova Scotia provincial economist Marc Desormeaux. His comments followed the Canadian Real Estate Association's latest sales report, which showed the national market making further gains in May. Story continues below advertisement Home sales climbed 1.9 per cent in May from April, and 6.7 per cent from a year earlier. Average prices rose 1.8 per cent from a year earlier, while the MLS home price index, which is considered a better measure, slipped .6 per cent from last May. "Past softness in the market is still holding prices in check, but sales a
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