Hamilton is leading the way when it comes to Canadian home resale prices.
According to the Teranet-National Bank Composite House Price Index, prices increased 6.7 per cent, last month from a year earlier.
Toronto followed with gains of 3.4 per cent.
Analysts are calling Hamilton an up market and say unsold new condos are behind the weakness in Toronto.
It’s anticipated sales are likely to cool in the latter of the half of the year because Canadian banks began to raise interest rates on new mortgages in June, which will have an effect on affordability.