By Robb M. Stewart and Paul Vieira
OTTAWA--Canada's housing market continues to show signs of recovery, with sales rising modestly last month in what looks set to be a soft year overall for resale activity.
National sales of existing homes edged up 0.5% in June from the month before, the Canadian Real Estate Association said Wednesday.
After a weak start to the year for sales, the latest advance builds on a 5.5% jump in sales in May and a 0.9% rise in April to put nationwide activity roughly 7% above where it stood in March, the association said.
"June's housing numbers continued to build momentum following the late start to the year in May, with virtually every metric moving in the right direction," Shaun Cathcart, CREA's senior economist, said.
