says the pace of home sales fell in April as mortgage rates moved higher.
The association says the number of homes sold in April was down 25.7 per cent compared with April 2021 when it set a record for the month.CREA chair Jill Oudil says that following a record-breaking couple of years, housing markets in many parts of Canada have cooled off pretty sharply over the last two months, in line with a jump in interest rates and buyer fatigue.
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