Canada Home Sales Rise for First Time in Five Months With Rates Easing
- Real estate group forecasts 10% sales increase this year
- Prices fell in December; benchmark is 13% below 2022 peak
A home for sale in Toronto, Ontario.
Photographer: Galit Rodan/BloombergThis article is for subscribers only.
Canadian home sales rose in December for the first time in six months as buyers were spurred into action by expectations that borrowing costs will fall this year.
The number of homes trading hands rose 8.7% from the previous month — the first gain since June, according to data released Monday by the Canadian Real Estate Association.