Home resales, prices climb
The Canadian Press- The national average price for Canadian home resales was $372,700 in June, up 8.7 per cent from the same month last year as the number of sales increased.
The Canadian Real Estate Association says its members sold 10.8 per cent more homes last month compared with June 2010.
June's sales activity was also 2.6 per cent higher than May's.
CREA says 60 per cent of local housing markets in Canada were balanced in June — meaning the number of sales and new listings were about the same.
Activity in Toronto was described as stable while it declined slightly in Vancouver and the Fraser Valley area of British Columbia.
Calgary, Montreal, Ottawa, London, Hamilton and Victoria all saw gains over May.
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