Home resales down in June

Sales of existing Canadian homes fell by 8.4 percent month-over-month in June 2021, according to the Canadian Real Estate Association. It was the third straight monthly slowdown since activity hit an all-time record back in March. While sales are now down a cumulative 25 percent from their peak, and below every other month in the last year, June transactions still managed to set a record for that month. Sales moderated in about 80 percent of all local markets, including almost all large markets across the country.