In the video published on July 7th, 2015, Toronto Real Estate Board Senior Manager, Jason Mercer, discusses the real estate sales in the Greater Toronto Area in June. He mentions the substantial (18%) increase in the number of properties sold. While the number of new listings also increased, the rate of increase was considerably lower than that in sales.

Mr. Mercer also mentions the MLS Home Price Index, explaining that, while the growth in average prices is at least in part due to the increase of higher priced houses sold, the Home Price Index compares prices of similar properties in different time periods, thereby providing a more accurate image where it comes to house prices.