News Formal

Real estate: Home prices rebound as spring market picks up - BNN Bloomberg

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 50%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

A recovery in Canadian home prices accelerated in April, as warming weather brought a surge of buyers back into the market to compete for a limited number of properties.

, up 1.6 per cent from March on a seasonally adjusted basis. Transactions surged 11.3 per cent from the month before, but new supply of homes is near a 20-year low, according to data from the Canadian Real Estate Association.

In addition, Canada’s population is swelling — more than a million newcomers arrived last year — bringing attention once again to a shortage of housing stock and prompting some buyers to make aggressive bids.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 83. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Five things to watch for in the Canadian business world in the coming weekThe Canadian Real Estate Association will release its April sales figures on Monday.
Source: VancouverSun - 🏆 49. / 61 Read more »

Canadian plywood makers seek duties as cheap Chinese rivals carve out half the marketThe industry says Chine exporters enjoy unfair advantages such as heavy government subsidies and access to illegally harvested wood
Source: globeandmail - 🏆 5. / 92 Read more »