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July 2019 Market Stats

07 August 2019

8,595 home sales were reported through the Toronto Real Estate Board MLS in July 2019, continuing the trend of improved year over year sales with a 24.3 per cent jump from the same month a year earlier. The average selling price for all home types combined was up by just over 3 per cent over the same period and continues to be driven by higher density home types. On average, single detached home prices remained lower than last year’s levels in the 416 area but had a modest increase of 2.5 per cent in the 905 region.


June 2019 Market Stats

06 July 2019



May 2019 Market Stats

07 June 2019

May 2019 sales highest in 17 months

9,989 home sales were reported through the Toronto Real Estate Board MLS in May 2019, soaring almost 19 per cent from the same month a year earlier. May sales were the highest on a seasonally adjusted basis since December 2017 - up roughly 10 per cent from April which had a 16.8 per cent jump in year-over-year sales. The average selling price for all home types combined was up by 3.6 percent over the same period. Lack of supply, however, continues to be an ongoing concern as year-over-year growth in new listings at just under 1% was significantly outpaced by sales.



March Market Stats.

06 April 2019

March 2019 activity was the softest in 10 years in the GTA but relative to February, resales increased to just under 2% m/m (on a preliminary seasonally-adjusted basis). A lack of buying options continue to be a factor holding back activity as the number of new listings fell 4.5% from a year ago. Robert Hogue, Senior Economist with RBC, says this explanation finds some support in the fact that the benchmark price rose at a faster pace in March (2.6% y/y) than February (2.3%)—suggesting that buyers had to bid more aggressively in the face of limited supply.  While market-cooling government policy continues to dampen consumer confidence, the advent of warmer weather after a particularly harsh winter in the GTA will hopefully bring a welcomed boost to spring market activity.