Home sales in Canada’s two largest cities continued their surge in August from a year earlier.Why real estate doomsayers continue to be wrongStill believe Canada’s housing market is going to implode? You’re not alone, but it hasn’t happened yet. Read moreSales in Toronto, the largest market, rose 21% from August last year to 7,569 units, the Toronto Real Estate Board said in a statement Thursday, with average prices gaining 5.4%. Vancouver existing home sales rose 52%, that city’s real estate board said Wednesday.
- Vancouver home sales jump more than 50%, but prices lag (business.financialpost.com)