June home sales fall 6.7 per cent, biggest monthly decline since 2010 - 1310 NEWS
Loading articles...

June home sales fall 6.7 per cent, biggest monthly decline since 2010

Last Updated Jul 17, 2017 at 10:42 am EST

A for sale sign displays a sold home in a development in Ottawa on July 6, 2015. THE CANADIAN PRESS/Sean Kilpatrick

OTTAWA – The Canadian Real Estate Association says home sales in June posted their largest monthly drop since 2010, with the Greater Toronto market leading the decline.

The association says sales for June were down 6.7 per cent compared with May on a national basis, with month-over-month declines in 70 per cent of all local markets.

It says the Greater Toronto area showed the biggest drop.

Compared with a year ago, Canadian national sales in June were down 11.4 per cent.

The national average price for a home sold in June was $504,458, up 0.4 per cent from a year ago.

Excluding Greater Vancouver and Greater Toronto, the national average price was $394,660.

Join the conversation

Please read our commenting policies