Statistics Canada said retail sales of home building materials slipped in February, which combined with other declines, experts say likely reflects a softening in the housing market, reports Global News.
Late winter is a time many a homeowner associates with renovations. The long stretch between the holidays and the warmer spring weather makes for ideal home improvement time.
And for those looking to list their property in the all-important spring market—the busiest period for home sales—the weeks between January and March are key to making fixes to improve the selling price.
The bitter weather has played a role — look at the damage inflicted by December’s ice storms.
Outdoor reno projects and new home construction were still suffering in February, experts say. But furniture sales are also down.
It was the fifth month in six that building supplies saw retail sales tumble while furniture retailers look to be on a similar trajectory.
