Home Sales Jump 3.6% in April as Canadian Markets Stabilize

Canada’s housing sector continued to show signs of stabilization in April, with realtors in most markets recording increases in both transactions and prices.

The number of homes sold rose 3.6% compared with March, on a seasonally adjusted basis, the Canadian Real Estate Association said Wednesday in a statement. From a year ago, sales are up 4.2%. Benchmark prices for homes increased 0.7% in April, adding to a 0.8 percent gain in March. That’s the strongest back-to-back increase in prices in a year.