(Source: The Globe and Mail)
Third straight monthly increase puts numbers up 32 per cent from January’s decade-long low, but still far below last year
Home sales picked up in April for the third month in a row, but the real estate market has not yet made up for all the lost momentum of the past year, the Canadian Real Estate Association says.
Sales of homes in Canada, seasonally adjusted, jumped 11.2 per cent in April compared to March, the largest month-to-month increase in more than five years, CREA said. The gain compounds advances of 10.3 per cent in February and 7.7 per cent in March.
Home sales volumes were a full 32 per cent above January’s levels – the lowest levels in a decade.
Read the full article by Heather Scoffield “Home Sales Jump in April” in the Globe and Mail (May 14 2009).