The Toronto Regional Real Estate Board's agents sold a record 10,563 homes last month
Sales were up 45.6% from last year
A report outlines why the red-hot housing rebound isn’t built to last
More than 11,000 existing homes were sold at an average price of $960,772
However, many are waiting for prices to fall
Mortgage balances rose in the quarter, while other consumer debt fell, Equifax says
Buyers forced to drop out of the market in spring drove sales
Economic shock of pandemic not yet fully reflected in housing market data
Sales were up 30.5% year over year, the association reported
B.C. and Ontario outperformed mainly because of strong real estate investment, while Quebec and the Maritimes lagged