Canadian Housing Starts Dip in April
The seasonally adjusted annual rate1 of housing starts was 213,900 units in April, down from 243,000 units in March, according to Canada Mortgage and Housing Corporation (CMHC).
“Housing starts in April moderated from the high levels posted in February and March. Most of the decrease reflected a drop in multiple starts, which in March and February [...]
Residential Sales Beat the Record Set in April Last Year
The Greater Montréal Real Estate Board (GMREB) announces that the number of residential sales in April beat the record set last year for the same period by 1%, reaching 5,172 transactions, according to data from the MLS® system.
“This is good news for buyers and sellers because the residential real estate market has remained strong since [...]