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March Home Sales Jumped At End Of Month

CANADA DATA
DataHomepagemarkets-real-timeData BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • Canadian Real Estate Association says March sales +0.5% MOM after -3.1% in Feb.
  • Activity was 10% below an average of the last 10 years.
  • Sales-to-new listings ratio tightened to 57.4% from 55.6% as new listings -1.6% MOM.
  • Average resale price +2% YOY; price index +0.7% YOY.
  • Weekly tracking showed a "burst of sales" in the last week of March, and new listings jumped in the first week of April.
  • A spring housing resurgence similar to what happened last year could materialize as the BoC changes their tone on interest-rate cuts.
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  • Canadian Real Estate Association says March sales +0.5% MOM after -3.1% in Feb.
  • Activity was 10% below an average of the last 10 years.
  • Sales-to-new listings ratio tightened to 57.4% from 55.6% as new listings -1.6% MOM.
  • Average resale price +2% YOY; price index +0.7% YOY.
  • Weekly tracking showed a "burst of sales" in the last week of March, and new listings jumped in the first week of April.
  • A spring housing resurgence similar to what happened last year could materialize as the BoC changes their tone on interest-rate cuts.