The sale of existing homes in the Toronto area rose 30 percent last month from a year earlier to 7,411 units, the Toronto Real Estate Board reported today. Vancouver existing home sales rose 64 percent, that city’s real estate board said yesterday. Toronto and Vancouver are the two largest markets by the value of transactions this year. Housing-market data are showing few signs of a hard landing after warnings from economists and policy makers that a bubble may have been forming. Buyers have been returning to the market after tighter mortgage rules imposed last year kept some households from purchasing new homes. Bloomberg
