Canadian Home Sales Slump in March

The Canadian Real Estate Association (CREA) has reported that Canadian home sales slumped <-14.3%> in March from February as economic turmoil related to the COVID-19 pandemic pushed buyers and sellers to the sidelines over the second half of March. CREA said actual sales, not seasonally adjusted, rose 7.8% year-over-year while the group’s Home Price Index was up 6.9% from March last year.

FEA compiles the Wood Markets News from various 3rd party sources to provide readers with the latest news impacting forest product markets. Opinions or views expressed in these articles do not necessarily represent those of FEA.
Original Source:
Canadian home sales tumble in March as coronavirus depresses activity