New home construction rose while home sales came down in May
The annual rate of new home construction was up in May, while home sales were slightly down, according to data released separately on Monday by the Canada Mortgage and Housing Corporation and the Canadian Real Estate Association.
![New home construction rose while home sales came down in May](https://i.cbc.ca/1.7237032.1718632124!/fileImage/httpImage/image.jpg_gen/derivatives/16x9_620/housing-real-estate.jpg)
![A 'now selling ' banner is pictured on a new condo tower in downtown Vancouver on Thursday, January 27, 2022. The annual rate of new home construction was up in May, while home sales were slightly down, according to data released separately on Monday by the Canada Mortgage and Housing Corporation and the Canadian Real Estate Association. A red banner printed with the words 'now selling' hangs from a condo in a downtown setting.](https://i.cbc.ca/1.7237032.1718632124!/fileImage/httpImage/image.jpg_gen/derivatives/16x9_620/housing-real-estate.jpg)
The annual rate of new home construction was up in May, while home sales were slightly down, according to data released separately on Monday by the Canada Mortgage and Housing Corporation and the Canadian Real Estate Association.