House sales in Canada rose 2.6% in June from a month earlier, which means that the country's property market has now experienced a big year-on-year gain. Two-thirds of local markets posted month-on-month gains in June, including Ottawa, Montreal and Calgary. The Canadian Real Estate Association reports that the number of listed homes rose 1.8% in June as well, particularly in Toronto, Vancouver and Ottawa.

In June the national average sales price of homes was up 8.7% year-on-year to C$372,700, somewhat pitched at a higher value thanks to the sales of expensive homes in upmarket Vancouver neighbourhoods.

Source: PropertyWire.com