June home sales jumped 9.4 per cent compared to the same month last year, while the number of new listings dipped significantly, according to the Toronto Regional Real Estate Board. (The Logic)

Talking point: The board expects even more sales and competition between buyers in the second half of the year, which is likely to lead to higher prices. That could lead more sellers to put their homes on the market. As of June, the average selling price was still down year-over-year. Condo apartments saw the biggest jump in sales, with a 14.3 per cent increase across the GTA, followed by detached houses in the suburbs. Condo affordability has improved faster in Toronto than most other markets in the country, according to a recent report by RBC Economics. The price of detached homes, however, has remained high, costing more than 80 per cent of a typical family’s pre-tax income.