Canada’s housing market continued its improbable run in August, as average prices jumped by almost 20 per cent from where they were a year earlier, and the number of homes sold shattered the monthly record, too.

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The Canadian Real Estate Association, which represents more than 130,000 realtors across the country, said Tuesday that 58,645 homes were sold during the month, which is 33 per cent more than changed hands in the same month last year.

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August is typically not a very busy month for…

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