Canadian home sales rebound from 7-year low, but prices still flat

Canadian home sales rebound from 7-year low, but prices still flat

Average price was $495,000 in April, up 0.3% from where it was a year ago

After plunging to their lowest level since 2012, sales of Canadian homes have inched higher for the past two months and are now about four per cent higher than they were a year ago.

The Canadian Real Estate Association said Wednesday that that home sales last month rose on an annual basis for the first time since December 2017.

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