Canadian homebuyers finally saw some positive action on the supply side last month. Sellers boosted new listings in Canada by a significant 24% from January. This helped unlock some unmet demand in the market. Home resales climbed 4.6% m\/m\u2014the strongest increase in four months\u2014to 699,000 units (seasonally adjusted and annualized). But the rise in new listings did little to ease upward price pressure. On the contrary, February\u2019s transactions came with much steeper price tags. Canada\u2019s composite MLS Home Price Index increased the most on record, jumping 3.5% in a single month and 29.2% relative to a year ago. Nonetheless, we see the arrival of more sellers on the market as a positive sign. This could mark a turning point toward more balanced demand-supply conditions later this year. <\/p>\n