Sellers are coming back to Canada’s housing market. Will prices stabilize? - National | Globalnews.ca

assistant chief economist Robert Hogue analyzed early reports from local real estate boards reporting May figures, which he said “unanimously show a material rise in new listings.”

In Toronto, RBC’s analysis shows a 17 per cent jump in new listings month-to-month on a seasonally adjusted basis. In Vancouver, new listings were up 15 per cent month-over-month. The tight supply means buyers have been competing over a limited number of properties, in turn fuelling a rise in prices.

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