Home sales accelerated in data from the Canadian Real Estate Association. Prices rose 5.2% from March 2013.
“There’s little doubt that winter’s icy grip prompted many potential home buyers to put off house hunting,” said Gregory Klump, CREA’s Chief Economist. “That said, we’ll have to wait and see what happens in April because while overall sales improved in March, there was little evidence of a flood of pent-up demand being released.”
You have to wonder if there would be any inflation in Canada if not for home prices rising.
