Toronto Real Estate Board June MLS sale statistics:

• GTA single family home sales including condo townhouses and apartments - 8,860.
• Volume - up 10.4%, compared to June 2018 8,024 sales.
• Volume - down 11.0% compared to May 2019 9,989 sales.
• Average price of a GTA single family home - $810,661.
• up 2.9% from 2018's average price of $787,918.

“Buyers started moving off the sidelines in the spring, as evidenced by strong year-over-year price growth throughout the second quarter. However, because we saw virtually no change in the number of new listings, market conditions tightened and price growth picked up, especially for more higher density home types, which, on average, are less-expensive than traditional detached houses and therefore provide more affordable housing options under the new OSFI stress test regime,” said Jason Mercer, TREB’s Chief Market Analyst.

We track MLS sales daily.

• November 2016 to May 30th 2017, 90% of central district properties sold over asking price.
• June 2019 40-70% of properties sold for asking or under.

The June residential resale market remains a story of different markets that vary by housing type and location.

• In central Toronto limited supply and strong demand, meant bidding wars and "bully offers" in both freehold and condos if the list price was reasonable.
• The 905 region remains a softer market.
• Darlene Hanley at Mortgage Architects says 90% of buyers are taking 5 year fixed rate mortgages currently.
• There is no right enshrined in Canadian law to smoke tobacco, marijuana, etc in a rental property.