The Canadian Real Estate Association says it recorded the most home sales for August in four years as the number of residential properties that changed hands rose 1.9 percent compared with a year ago.
There were 40,257 home sales across the country last month, up from 39,522 in August 2024.
Home sales also rose 1.1 percent on a month-over-month basis, marking the fifth straight monthly increase. Transactions have risen a cumulative 12.5 percent since March.
Unlike in recent months when gains were led overwhelmingly by the Greater Toronto Area, sales in that region were down slightly month-over-month in August. But the association said this was more than offset by higher sales in Montreal, Greater Vancouver and Ottawa….