Canada's Housing Market Faces Slowdown as May Sales Decline
Interest rate cuts by the Bank of Canada expected to boost future activity despite current sluggishness.
- Home sales in May dropped 5.9% compared to the previous year and 0.6% from April.
- The average home price in May decreased by 4% year-over-year to $699,117.
- New listings rose 13.5% from last year, providing more options for buyers.
- Housing starts reached their highest level in seven months, driven by increases in Ontario and Quebec.
- Economists predict the recent interest rate cut will stimulate the market in the coming months.
Financial Post Financial Post 
CBC Financial Post Financial Post Financial Post 
The Telegraph 
Newsweek 
The Guardian 
CNN Financial Post Financial Post 
Associated Press 
Voice of America (VOA News) Financial Post The Guardian Financial Post 
South China Morning Post South China Morning Post 
Breitbart 
SHINE 
CNBC South China Morning Post Financial Post CNBC Breitbart 