Some Canadian housing markets improved markedly in May

Canada’s housing market seems to be shaking off the coronavirus pandemic. The market made a marked recovery in May after the pandemic had ground activity to a near-halt. Around 3,500 homes sold last month in Toronto, a seasonally adjusted 53 percent increase from April. New listings were up 48 percent, according to Bloomberg. The average price climbed 4.6 percent month-over-month to around $638,710 — a 3 percent increase from May 2019. That’s largely because of

source https://therealdeal.com/2020/06/06/some-canadian-housing-markets-improved-markedly-in-may/