Home sales, prices up from last June but down from May: Toronto real estate board

Toronto homebuyers that snapped up a property last month paid more on average than they did a year ago but less than they would have if they closed the deal in May, the Toronto Regional Real Estate Board (TRREB) said Thursday.

The Ontario housing board made the same observation about last month's sales figures and attributed the trends to a mix of market conditions that have left interest in buying a home high but mortgage rates tough to grapple with and supply tight.