The Greater Toronto Area housing market continued to gain momentum in May, posting its third consecutive month of year-over-year sales growth and suggesting that buyer confidence is gradually returning. 

Canadian households are showing a growing divide between those successfully managing debt and those reaching a financial breaking point.

Canada's housing market inched forward in April, but the gains were shadowed by surging oil prices, geopolitical turbulence from the conflict in Iran, and the spectre of a Bank of Canada rate hike. Together, these forces threaten to cap any meaningful recovery this year.