Traditionally, the real estate market contracts in July. This year, somebody forgot to tell that to Toronto. For the first half of this month, sales volume has increased by 12% over July 1 – 15, 2014. The average sales price for the same time period has gone up 11.5%, according to statistics from the Toronto Real Estate Board. Average sale prices for houses and condominiums in the 416 and 905 region are now almost equal. Buying activity was brisk in June and has carried on into July. Buyers continue to seek quality properties that are well located.