Blog

June Mid-Month Resale Housing Market Figures

The number of sales and the average selling price reported by the Toronto Real Estate Board were both up during the first 14 days of June 2011. Sales through the first two weeks of June amounted to 4,787 – up 16 per cent over the same period in 2010. The average selling price for these transactions, at $477,853, was up nine per cent.

“The spring has always been the busiest time in the resale market, but the results for May and the first two weeks of June represented a marked improvement over last year.  Low mortgage rates have kept affordability in check and buyers have felt confident in paying for a home over the long term,” said Toronto Real Estate Board (TREB) President Bill Johnston.

 The number of new listings on the TorontoMLS® between June 1st and June 14th was down by eight percent compared to 2010.  

“Listings have been in short supply this year, while a lot of people have been looking to buy.  The result has been enhanced competition between buyers and more upward pressure on price,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.  “Strong price growth will prompt more home owners to list as we move toward 2012.”

See full report.

Provided by the Toronto Real Estate Board

 

Casey Ragan

“Toronto’s Condo Authority”

Toronto Condos and Lofts

Find Me on Facebook

Follow Me on Twitter

Link to Me on LinkedIn

Address

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

Brokerage

 

Trademarks owned or controlled by The Canadian Real Estate Association. Used under license.

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: 8/17/2017 1:51:56 AM