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Tara Deschamps, The Canadian Press
A trickle of supply started returning to the country’s real estate sector in March, but it did little to cool off heated markets as monthly home sales hit an all-time record, the Canadian Real Estate Association (CREA) said Thursday.
Sales across the country amounted to 76,259 last month, up 76.2% from 43,283 during the same period last year.
Sales in March were up 5.2% compared with February.
As sales climbed, so did the number of Canadians willing to sell their homes.
The market saw 105,001 new listings during the month, a more than 50% increase from 69,665 last March. Listings were up 7.5% on a seasonally adjusted month-over-month basis.
Canadian home sales jump 76% year-over-year | Investment Executive
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