Canada’s Housing Market Shows Steady Monthly Growth Progress

Canada's housing market saw a 0.5% rise in home resales in July, marking the fourth consecutive monthly increase, but activity remains 12% below the decade average. New listings fell 1.6%, easing concerns of distressed sales. Prices rose nationally for the second month, suggesting a possible price floor. Ontario shows momentum with rising resales and prices, while British Columbia remains weak. Alberta stabilized with slight price gains. Other regions show signs of slowing or declining sales and price growth.