There were more than 40,700 home sales nationally in August, the highest number since August, 2021.

Canada’s housing market is showing increasing signs of a turnaround with sales rising for the fifth straight month in August.

There were 40,714 home purchases nationally last month, a 1.1-per-cent increase from July, according to the Canadian Real Estate Association , or CREA. That was the highest level for August since 2021 when there were 51,145 sales and the country’s real estate market was booming.

Activity climbed in Montreal, Vancouver and Ottawa, offsetting a dip in the Toronto region. At the same time, more homeowners put their properties up for sale across the country, with new listings rising 2.6 per cent to 79,527 units from July to August.

Shaun Cathcart, CREA’s senior ec

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