Annual home sales in May are 4.3% lower, but monthly activity

The Canadian Real Estate Association says that the sale of the house in May fell 4.3 percent compared to a year ago, but the activity was raised compared to the previous month.

House sales increased by 3.6 percent from April, with an increase of more than the first month at the national level in more than six months.

Crea senior economist Sean Cathcart says that buyers have been delayed by the early tariff chaos and uncertainty for a few months after the early tariff chaos and uncertainties were delayed by the initial tariff chaos and uncertainty. “

The association also says that the new listing increased by 3.1 percent in the month.

In the end of May, there were 201,880 properties listed for sale across Canada, up to 13.2 percent from a year ago, but five percent below the long -term average for a month of about 211,500 listings.

The actual national average selling price of the house sold in May was $ 691,299, below 1.8 percent a year ago.

BMO senior economist Robert Kuvik wrote, “Canada’s housing market remains under control, but normally does not deteriorate the resale situation, while construction activity keeps on moving.”

“At a high level, it appears that a low aggressive tone on the business front and some political clarity in Canada have reduced the stress on the buyer’s confidence, but the mortgage rates are still not enough to improve the ability and/or/or increase the demand of the investor.