Home sales rise in May, reverse mortgages hit the gas, the Home of the Week and more top real estate stories

National home sales saw a 5.5% increase in May, the largest rise since November 2024, indicating a potential shift in the housing market despite ongoing interest rate uncertainty. The Canadian reverse mortgage market has expanded significantly, now totaling nearly $11 billion, with annual growth averaging 20.9% since 2016. The article also touches on consumer protection issues following the insolvency of appliance stores and highlights a renovated Toronto property.

• •Home sales rose 5.5% in May, showing market strength.
• •Reverse mortgages in Canada now total $10.9 billion.
• •Appliance store insolvencies highlight consumer protection gaps.