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Canada Home Sales Rise 3.6% Amid Market Recovery Hopes

7/4/2025

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Summary

Story summary

Home sales in Canada increased by 3.6% from April to May 2025, marking the first rise since November.
The Greater Toronto Area, Calgary, and Ottawa were key contributors to this growth.
New listings rose by 3.1%, maintaining a sales-to-new listings ratio of 47%.
The national average home price stands at $691,299, reflecting a 1.8% year-over-year decline.
Experts show cautious optimism regarding a potential market recovery.

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Story summary

Home sales in Canada increased by 3.6% from April to May 2025, marking the first rise since November.
The Greater Toronto Area, Calgary, and Ottawa were key contributors to this growth.
New listings rose by 3.1%, maintaining a sales-to-new listings ratio of 47%.
The national average home price stands at $691,299, reflecting a 1.8% year-over-year decline.
Experts show cautious optimism regarding a potential market recovery.