The average Canadian home price jumped an annual 6.9 per cent in June, suggesting that the market is still on a tear that has long passed the real estate slowdown many had predicted.
The Canadian Real Estate Association said Tuesday that sales in June climbed 11.2 per cent above the numbers reported for the previous June. While up a modest 0.8 per cent over May’s figures, it was the highest level of sales reported since March 2010.
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