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National Home prices hit a record in July with Homes rising 2 per cent.
The Teranet-National Bank House index report the higher prices pushed overall Home prices up 11 per cent year-over-year.
Month over month increases were 3.8 per cent in Victoria and 3.1 per cent in Toronto and 2.3 per cent in Vancouver.
Average Home prices in Vancouver continued its gains, up 24.3 per cent from July last year.
It appears the lack of listings in the major Real Estate Markets in Canada are contributing to a surge in Home prices.
Iris Li, a Toronto Condos Realtor specializes in Yorkville Condos For Sale.
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Toronto Posts Record Home Sales In July As Listings Drop
Bay Bloor Condos For Sale