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June Mid-Month Resale Figures Released

The Toronto Real Estate Board reported 5,661 home sales during the first two weeks of June 2015. This result represented a 15.7% increase compared to the same period in 2014.

“We continued to see a record pace of home sales in the first half of June, as home buyers remained upbeat on ownership housing as a quality long-term investment. Growth in home sales was widespread, with year-over-year increases for all major home types, suggesting that households from many different age groups and walks of life are active in today’s market,” said TREB President Paul Etherington.

The average selling price for transactions reported during the first 14 days of June was $650,732 – up 12% in comparison to the first 14 days of June 2014. Strong price growth was noted for low-rise home types and condominium apartments.

“The familiar story of strong demand running up against a constrained supply of homes for sale continued to play out in the first half of June.  Modest growth in new listings was not enough to offset the pent-up demand that has built during the first half of 2015. As a result, strong competition between buyers continued to result in strong price growth,” said Jason Mercer, TREB’s Director of Market Analysis.

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If you want to buy or sell a Toronto condo or loft, contact Casey Ragan at 416-486-5588 or by email at casey@remaxhallmark.com

 

Casey Ragan

“Toronto’s Condo Authority”

Toronto Condos and Lofts

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RE/MAX Hallmark Realty Ltd., Brokerage
723 Mount Pleasant Road
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M4S 2N4

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The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.

Information is deemed reliable but is not guaranteed accurate by TREB.

Toronto Real Estate Board - IDX Last Updated: 8/24/2017 2:33:39 AM