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

The Toronto Real Estate Board June stats are in. 8,082 single family homes including condominium townhouses and apartments were sold through the Board's MLS system. This number is 2.4% higher compared to the 7,893 sales in June 2017 and 4.4% higher than the 7,743 sales in May 2018.

The average price of a single family home in the G.T.A. is now $789,893 down 4% from 2017's average price of $822,580.

The stats are for the entire GTA, which covers from Burlington to Clarington, from Lake Ontario to Lake Scugog.

“The expectation is to see improvement in sales over the next year. Over the same period, however, it is likely that issues surrounding the supply of listings will persist. This suggests that competition between buyers could increase, exerting increased upward pressure on home prices. With a new provincial government in place and municipal elections on the horizon, housing supply should be top-of-mind for policy makers,” said Jason Mercer, TREB’s Director of Market Analysis and Service Channels.

We track MLS sales on a daily basis. From November 2016 to May 30th 2017, 10% of the sales in C01-C04, C08-C12, E01-E03, W01, W02 sold for asking price or under. In June the sales were 30-60% for asking or under, just as in May. The districts noted cover roughly the area from the Lake to York Mills, and from the Humber River to Victoria Park.

The residential resale market in the first six months of 2018 continues to be a story of different markets that vary by housing type and location.

In central Toronto given limited supply and strong demand, there were bidding wars and "bully offers" for well priced or under priced properties in both freehold and condominium segments, last month.

Central Toronto condominium sales continues to out-perform the entire housing market within the GTA. In some buildings selling prices are back to April market peak values or higher.

The resale market is weaker in the 905 region, where the average price has remained flat since June 2017. In the 416, the average price is 5% higher than the June 2017 average.

Average Price June 2018
Average Price June 2017
City (416)
$870,559
$827,802
G.T.A. (905)
$768,945
$768,516

Average GTA Prices 1994 to 2017

1994
$208,921
2006
$351,941
1995
$203,028
2007
$376,236
1996
$198,150
2008
$379,347
1997
$211,307
2009
$395,460
1998
$216,815
2010
$431,276
1999
$228,372
2011
$465,014
2000
$243,255
2012
$497,130
2001
$251,508
2013
$522,958
2002
$275,231
2014
$566,624
2003
$293,067
2015
$622,120
2004
$315,231
2016
$729,835
2005
$335,907
2017
$822,580
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