Toronto housing sales set a July high

The Toronto real estate market continued to sizzle through the mid-summer, setting a record high for the number of sales in July. The Toronto Real Estate Board said yesterday there were 8,912 sales in July, a 26-per-cent increase over the same period last year. Board president Donald Bentley said the housing market is healthy - for both buyers and sellers - and that he expects it to flourish through the summer. "It's just chugging along very, very nicely for everybody," he said. "The sales volume is good and prices are not going nuts."