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Candidate existing home sales for May 5.1% versus 12.1% expected

Prior month 11.3%Canada existing home sales for May 5.1% versus 12.1% expectedNot seasonally adjusted activity in May was up 1.4% from May 2022home price index rises 2.1% in May from April, down 8.6% year on yearHighlights from the CREA:The actual number of transactions in May was 1.4% higher than the same time last year, marking the first national year-over-year sales increase in almost two years.Larry Cerqua, Chair of CREA, noted that the recovery of national sales activity and national averag... Read More

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Posted: Jun 15 2023, 13:03

Author Name: forexlive

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