OTTAWA — The Canadian Real Estate Association says the number of homes sold in June was down 10.7 per cent from a year ago.
The result was a five-year low for the month of June.
However, sales volume was up 4.1 per cent when compared with May.
The association says it was the first substantive month-over-month increase this year.
The national average price for a home sold in June was just under $496,000, down 1.3 per cent from a year ago.
Excluding the Greater Vancouver and Greater Toronto markets, the average price was just over $389,000.
The Canadian Press