National home sales in Canada rose 1.1% in August, marking the fifth consecutive monthly increase and the best August since 2021. Sales are up 12.5% since March, while benchmark prices remained stable at $687,300. Listings increased by 2.6%, though the sales-to-new-listings ratio slightly declined. Growth in markets like Vancouver, Ottawa, and Montreal offset a dip in the Greater Toronto Area. Sales may accelerate if interest rates drop.
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