The Canadian Real Estate Association says sales and prices of existing homes rose sharply in April from the previous month but remained lower than the same time last year.
CREA said rebounding consumer confidence and lower home prices have contributed to the market improvement in recent months. Home resales climbed 11.2 per cent to 34,838 units last month.
Regionally, B.C., Alberta, Ontario and Quebec showed improved results with the lion’s share of gains coming in Toronto (10 per cent), Vancouver (30 per cent), Montreal (15 per cent) and Calgary (15 per cent).
