Using my new recession-era rule for good news – that it’s the absence of new bad news – Canadian homeowners had some reason for optimism on Monday.
A sharp deterioration in this country’s real-estate market that began last year is showing signs of tapering off.
The number of home sales, which had been declining month after month since last September, turned upward in February, which saw 8.6 per cent more sales than in January.
While this improvement might have been helped along in some cities by mild temperatures last month following bitter ones in January, there are also other indications that the real estate market is showing more stability.
