Prices up 0.5% seasonally adjustedPrices up 1.7% non-seasonally adjustedPrices up 5.7% y/yPrices are 2.04% from the May 2022 peakLeading cities y/y:Calgary 16.4%Halifax 11.4%Vancouver 8.7%Toronto +2.8%The early indications from the Bank of Canada rate cut were a bit of a surprise as it sparked a jump in listings rather than a jump in buyers."The increase observed in May was entirely due to a rise in prices in the non-condo segment (+0.7%), while condo prices have remained relatively stable since August 2023 as inventory in this segment continues to accumulate," Teranet reports. "While record population growth, the shortage of housing supply and the start of rate cuts by the Bank of Canada wi
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