Home resales edge up in June

Sales of existing homes in Canada logged a 1.5 percent increase between May and June, according to the Canadian Real Estate Association, a smaller gain than in April and May. Sales for the month were up in a little over half of all local markets, with gains in British Columbia and Alberta offsetting fewer sales in the Greater Toronto Area. The actual (not seasonally adjusted) number of transactions in June came in 4.7 percent above June 2022. That was the largest year-over-year national sales increase in two years.