Toronto Real Estate Market Report for June 2019

See my June Market Report below.

The new President of the Toronto Real Estate Board, Michael Collins, announced that Greater Toronto Area REALTORS® reported 8,860 sales through TREB’s MLS® System in June 2019, representing a 10.4 percent increase compared to June 2018.

Over the same time period, total new listings remained at a similar level for the month of June and active listings at month-end were down by 5.7 percent. Sales and new listings statistics for the first half of 2019 compared to the same period in 2018 painted a similar story to that of June. Sales were up by 8.5 percent, while new listings were up by less than one percent.

This shows that sales accounted for a greater share of listings compared to last year, which means that competition between buyers increased, resulting in renewed price growth in many segments of the market. 

In short, the average price of semi-detached, townhouses, condo townhouses, and condos are up compared to last year and so are the sale volumes. New listings (supply) remains about the same.
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