The average price for residential properties hit $694,690 in August, a jump of 16.3 per cent from the same month last year. The RAHB describes it as a "typical August market in a year that is not." The spring saw lower-than-normal activity, but there was a balance between supply and demand, she explained. The summer, however, saw activity rise when it would typically decrease. Here's a breakdown of sales by property types provided by the RAHB:

Source: CBC News September 05, 2020 10:01 UTC