Canada’s housing market continues demonstrating signs of stabilization, Bloomberg reports. In August sales were growing four months in a row, while prices are falling.

Number of deals grew 0,9% compared with July to 39366 units. Sales in the largest city, Toronto, gained 2,2%, in Vancouver 2,9%.

Housing market is recovering after serious sales decline this year as government introduced tougher mortgage rules, while central bank raised borrowing costs. Home sellers are also reducing prices to stimulate demand.

Prices fell by 0,6% a month. This is the most significant decline since August 2017. Vancouver is leading. Prices lost 1,4% in this city. Houses in Toronto are 0,3% less costly.