Column Toronto Real Estate Brokerage Royal LePage RES Ltd/Johnston and Daniel Division Toronto REALTORS® Louise Dodd and Jason Dodd
Column Middle Toronto REALTOR® Louise Dodd Toronto REALTOR® Jason Dodd Toronto Real Estate Services Toronto Real Estate for Sale Previous Toronto Real Estate Sales Toronto Real Estate Information and Other Information

June Real Estate Market

Toronto Real Estate Board June MLS sale statistics:

  • GTA single family home sales including condominiums - 11,106.
  • Volume - up 28.5%, compared to June 2020 8,645 sales. (COVID lockdown impacted sales June 2020)
  • Volume - down 0.7% compared to May 2021 11,951 sales.
  • Average price of a GTA single family home - $1,075,636.
  • Up 15.7% from 2020's average price of $929,629.

(The GTA is Burlington to Clarington, Lake Ontario to Lake Scugog)

“Home sales soared at the start of the year, with a huge sales record in the first quarter. However, the record pace of sales has run its course as pent-up demand has increasingly been satisfied in the absence of normal population growth. With this said, a persistent lack of inventory across most segments of the market will keep competition between buyers strong, resulting in an average selling price well above $1 million through the end of 2021,” said TRREB Chief Market Analyst Jason Mercer.

We track MLS sales daily.

  • November 2016 to May 30th 2017, 90% of central district properties sold over asking price.
  • June 2021 30-55% of central district properties sold for asking or under.

(Central districts cover the Lake to York Mills, and the Humber River to Victoria Park.)

The June residential resale market was a story of the strong freehold market and a strong condominium market which has rebounded after last year's downturn.

  • The GTA freehold inventory remains limited.
  • June some well-priced or under-priced homes sold for over asking price in bidding wars or "bully offers".
  • Total new listings June 2021 decreased 0.1% over June 2020.
  • Some ambitiously priced properties remain unsold after 2, 3 months or more.
  • If offered at a realistic market price, rental properties lease quickly.
Average Price June 2021
Average Price June 2020
City (416)
$1,079,749
$1,023,116
G.T.A. (905)
$1,094,729
$886,740

Average GTA Prices 1991 to 2020

1991
$234,313
2006
$351,941
1992
$214,971
2007
$376,236
1993
$206,490
2008
$379,347
1994
$208,921
2009
$395,460
1995
$203,028
2010
$431,276
1996
$198,150
2011
$465,014
1997
$211,307
2012
$497,130
1998
$216,815
2013
$522,958
1999
$228,372
2014
$566,624
2000
$243,255
2015
$622,120
2001
$251,508
2016
$729,837
2002
$275,231
2017
$822,572
2003
$293,067
2018
$787,865
2004
$315,231
2019
$819,279
2005
$335,907
2020
$929,629
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