Home prices in Canada may have further to fall in some regions. Photo by Colleen De Neve/Postmedia

It’s turning into a bumpy road to recovery for Canada’s housing market.

Home sales rose 0.9 per cent in October from the month before, rebounding from a 1.7 per cent decline, according to data from the Canadian Real Estate Association out yesterday.

That’s progress from September’s setback, but economists call the momentum “fragile.”

Inventory has been building in the market for two years, especially in Ontario and British Columbia, where homes for sale reached a decades high in the spring, said Robert Hogue , assistant chief economist at Royal Bank of Canada.

However, new listings have now begun to moderate and were down 1.4 per cent nationally in October from the month before.

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