Blog

Mid-Month Resale Market Figures Released for July

The Toronto Real Estate Board reported 3,679 sales in first two weeks of July, representing a 5.6% increase compared to the first 14 days of July 2011. The average selling price in the first half of July was $473,466 – up by 2.3% compared to last year. Price growth was strongest in the City of Toronto, climbing by 3.5% to $496,645. New listings were up by 14.4% over the same time frame.

“A better supplied market contributed to a slower annual rate of price growth in July relative to the first half of 2012,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.  “As buyers benefit from more choice in the second half of this year, expect price growth to slow to a more sustainable pace.”

>>Click here for the full news release

 

Casey Ragan

“Toronto’s Condo Authority”

Toronto Condos and Lofts

Like 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: 8/23/2017 1:56:48 PM