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Canadian home sales edge up in March

Posted on 16 April 2013

Home sales in Canada rose modestly from February to March, but remained far below levels seen a year ago before regulators tightened lending rules. Seasonally adjusted national home sales rose 2.4 percent from February to March, but were down 15.3 percent from a year ago, the Canadian Real Estate Association (CREA) reported.
CREA said the Canadian real estate market continues to feel the effects of stricter mortgage rules that introduced by regulators in July of 2012 to cool what some perceived to be an overheating market………………………………………..Full Article: Source


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