Canadian housing market has hottest month ever

Author: External Author | | Categories: First Time Home Buyers , Real Estate Agent

The Canadian housing market hit a new record with more properties changing hands in March than any month in history, as sky-high prices lured more homeowners to try to cash in.

The number of homes sold across the country rose 5.2 per cent on a seasonally adjusted basis, according to data released Thursday by the Canadian Real Estate Association. The 76,000 houses that were sold was 14,000 more than the previous monthly sales record set last July. Benchmark home prices rose 3.1 per cent from the previous month, adding to a record gain in February as more supply hit the market.

Original Article Source Credits:   BNN Bloomberg , https://www.bnnbloomberg.ca/

Article Written By:  Ari Altstedter, Bloomberg News

Original Article Posted on:  Apr 15, 2021

Link to Original Article:  https://www.bnnbloomberg.ca/canadian-housing-market-has-hottest-month-ever-1.1590703

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