Spring's Chill: A Housing Market Still Feeling the Pinch The Canadian Real Estate Association's latest numbers paint a picture of a housing market struggling to find its footing in the wake of a tumultuous year.
In April, home sales fell 4% compared to the same month last year, with a non seasonally adjusted national average sale price of $695,412 – up only 2. 2% on a year over year basis.
Higher mortgage rates and lingering economic uncertainty are the primary culprits behind this sluggish market performance.