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Home Prices

The average home price in June was $413,215, down 0.8% from May and up 6.9% from the same month last year. Vancouver and Toronto continue to have a large effect on the national average. Outside of these two cities, prices averaged $336,164, which is up 5.2% from the previous year.

Home Sales

According to the Canadian Real Estate Association, 41,186 homes sold in Canada in June. This was only a 0.8% increase from the previous month after two months of increases close to 5%. Home sales were up 5.5% from the same month of the previous year, as the market continues to grow but not quite as sharply as previous months.

Inventory - Month's Supply

The number of new listings coming on the market in June was relatively unchanged from May, dropping just 0.1% to 76,794 homes. This translates to a sales-to-new-listing ratio of 53.6%, leaving the country still firmly entrenched in a balanced market, but moves the ratio slightly in the direction favoring sellers.