RBC Economics has noted increases in home resales in Canada of up to almost 70 percent in May.
In a report, economist Robert Hogue noted that last month’s numbers signal the start of a slow market revival.
“May’s rebound is the first step on a long road to recovery,” Hogue wrote Wednesday (June 3).
On the same day, the Real Estate Board of Greater Vancouver reported that home sales in the region increased 33.9 percent in May 2020 compared to the previous month.
The Fraser Valley Real Estate Board noted in a separate report that transactions rose 17 percent last month compared to April 2020...
