National home sales jumped by 11.3 percent between March and April as the real estate market picked up again, but supply remained at a 20 year-low, the Canadian Real Estate Association said Monday.
Seasonally-adjusted sales for the month totalled 38,164 compared with 34,277 in March.
The actual number of homes sold last month amounted to 44,059, down 19.5 percent from a year prior.
The year-over-year sales decline was markedly smaller than the drops reported in recent months, the association said, attributing the return of sales to home prices, which many feel have bottomed out in recent months as interest rates climbed eight times over the last year….