July 15, 2020 / 1:26 PM / in a month

Canadian home sales rise 63% in June, real estate group says

FILE PHOTO: Workers guide equipment at a condominium development in Charlottetown, Prince Edward Island, Canada February 21, 2019. REUTERS/John Morris

TORONTO (Reuters) - Canadian home sales rose 63% in June from the previous month, the Canadian Real Estate Association said on Wednesday, as buyers and sellers continued to return to the market following COVID-19-related lockdowns.

The industry group said actual sales, not seasonally adjusted, rose 15.2% from a year earlier, while the group’s Home Price Index was up 5.4% from June last year.

Reporting by Fergal Smith

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