Canadian home sales in April rose 2.3 percent since March, marking the third-straight month of sales increases in the country, according to The Canadian Real Estate Association.
April sales, for the third time ever, reached 50,000 transactions. Housing activity (not seasonally adjusted) in April was 10 percent above levels reported in April 2014.
"As expected, low mortgage interest rates and the onset of spring ushered many homebuyers off the sidelines, particularly in regions where winter was long and bitter," said CREA President Pauline Aunger in a statement.
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