Bad weather can't put a dent in Canadian housing sales
Spring came late for the Canadian residential real estate market but despite the delay the organization that represents the country’s realtors is still predicting a 1.2% jump in activity for 2014.
The Canadian Real Estate Association is predicting there will be 463,400 sales this year in Canada, down from the original prediction back in March, of 463,700.
The painful winter weather had caused a slow start in national sales activity at the start of 2014. Beginning in April, there was a rise in newly listed properties, with an upward trend continuing in May. In May, the Canadian Real Estate Association (CREA) showed the strongest month over month increases in close to four years, climbing almost 6% from April to May. Over 80% of local housing markets reported stronger sales.