Posthaste: Signals flashing that Canada's housing market could be close to a turning point

Something that’s been missing for awhile from Canada’s housing market turned up last month — sellers.

No where was this more evident than in Calgary, where an estimated 69% surge in new listings from the month before set the stage for sales to hit a February record. Vancouver prices rose 4.6% from January, up 20.8%, or $226,000, from the year before. But an estimated 6% drop in resales and 12% rise in new listings from January could represent a first step toward a more balanced market, said Hogue.

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