June home sales nearly steady year-to-year but prices leap

The Toronto Regional Real Estate Board says the number of homes sold in the region in June was just shy of the mark set a year ago as the average selling price rose nearly 12 percent compared with June 2019. Home sales plunged earlier this year as the COVID-19 pandemic forced buyers to the sidelines, however sales have picked up as businesses have started to reopen. The real estate board says there were 8,701 home sales in June, down 1.4 percent compared with the same month last year. Sales in June were up 84 percent compared with May. The average selling price was $930,869, up 11.9 percent compared with June 2019 — Canadian Press.