Slowly but surely Canada’s housing market is turning around

Canada's housing market shows signs of recovery with July marking the fourth consecutive rise in home resales and a second month of home price increases. Inventory is stabilizing, especially in Ontario and British Columbia, balancing supply and demand. New listings have declined, easing fears of distressed sales. However, activity remains 12% below the 10-year average, indicating a slow recovery. Regional trends vary, with Ontario improving, B.C. remaining weak, Alberta stabilizing, and other provinces showing slower growth or declines.