Home sales surge as new listings spiked in urban centres
Prices also rose in the month
Economic shock of pandemic not yet fully reflected in housing market data
Sales were up 30.5% compared to a year ago
Alberta and Atlantic Canada led the surge
Average home prices are also up 16.9% from a year ago, at $943,710
Condos, short-term rental market most at risk
New projects are still at risk due to pandemic hotspots
June sales were up 63% month over month
Increase in multi-family projects offset a decline in single-detached homes