Canada’s real estate thaws in May after slow start to busy season

The spring market for Canadian resale real estate may have got off to a slow start, but demand began to heat up in May with many markets seeing month-over-month growth. A recent report from RBC Economics found that Winnipeg, Regina, Ottawa, Toronto, Hamilton and Saskatoon all saw more sales demand in May than in April. Still, RBC noted that home sales remain soft in many markets, including Vancouver, Toronto and Hamilton, which are still recovering from prolonged slumps. Read More