Canada housing sales show signs of rebound amid stricter measures

Ottawa

CANADA'S housing market showed signs of a rebound in the month before Finance Minister Bill Morneau unveiled broad new measures designed to mitigate the risk of a major correction.

National home sales rose 0.8 per cent in September from the prior month, snapping a four-month losing streak and average prices were up 2.7 per cent. Home values in Toronto climbed 21 per cent from a year earlier and Vancouver recovered from a sharp drop in August.