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 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.

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

“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.

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

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.

Average Price June 2019
Average Price June 2018
City (416)
$915,481
$870,697
G.T.A. (905)
$785,879
$769,192

Average GTA Prices 1993 to 2018

1993
$206,490
2006
$351,941
1994
$208,921
2007
$376,236
1995
$203,028
2008
$379,347
1996
$198,150
2009
$395,460
1997
$211,307
2010
$431,276
1998
$216,815
2011
$465,014
1999
$228,372
2012
$497,130
2000
$243,255
2013
$522,958
2001
$251,508
2014
$566,624
2002
$275,231
2015
$622,120
2003
$293,067
2016
$729,837
2004
$315,231
2017
$822,572
2005
$335,907
2018
$787,918
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