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

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Sellers are coming back to Canada’s housing market. Will prices stabilize?

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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