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The solid May report shows that builders are buoyed by growing consumer demand for single-family homes.

Tight housing inventory, employment gains, and demographic tailwinds should continue to boost demand for newly-built single-family homes.

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Retirees were the key factor in driving activity in 91 per cent of recreational property markets, finds a survey by RE/MAX.

This includes established recreational regions such as Prince Edward County, ON, and Comox Valley, BC.

Net sales, however, were $116.8 million for the quarter, a 5.4 per cent decrease over the year-ago period.

Gross margin increased to 25.8 per cent compared to 25.7 per cent.

Lowe’s Canada has completed its renovation at the Hull District Reno-Depot store in Quebec.