Canada needs "a big surge of supply" to stop runaway house price growth, and that might happen when the pandemic ends.
Home sales soared 45.6 per cent from a year earlier, the Canadian Real Estate Association says.
Every major housing market in the country saw a price drop in April.
The data reflects "the pre-COVID-19 reality, which we are no longer in."
The average house price has jumped 11.2 per cent in the past year.
East versus west is the new divide in the country's obsession with home equity.
Home sales and prices fell again in November, as a CIBC report warns the downturn isn't over yet.
The up-and-down real estate market is down again, with one measure showing widespread price declines.
Canada's housing markets are "in neutral" after years of rapid price growth.
Policymakers may have actually pulled off the elusive "soft landing" — at least so far.