|
Toronto Real Estate Board June MLS sale statistics:
- GTA single family home sales including condominiums 6213.
- Volume - down 16.4%, compared to June 2023 - 7429 sales.
- Volume - down 11.4% compared to May 2024 - 7013 sales.
- Average price of a GTA single family home - $1,130,744.
- Up 0.04% from 2023's average price of - $1,126,279.
(The GTA is Burlington to Clarington, Lake Ontario to Lake Scugog)
“The GTA housing market is currently well-supplied. Recent home buyers have benefitted from substantial choice and therefore negotiating power on price. Moving forward, as sales pick up alongside lower borrowing costs, elevated inventory levels will help mitigate against a quick run-up in selling prices,” 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 2024 25-50% of central district properties sold for over asking price daily. (Based on district.)
(Central districts cover the Lake to York Mills, and the Humber River to Victoria Park.)
The June residential resale market was an softer market, compared to April, May 2024.
- Both freehold and condominium inventory increased.
- Some properties remain unsold after 2, 3 months or even a year.
- Some under priced or reasonably priced homes sold in "bidding wars" - or "bully offers".
- The prices of many condominium apartments are reduced daily.
- Many buyers are waiting for further interest rate reductions.
June Average Prices:
| Detached 416 : $1,758,649 |
Detached 905: $1,388,144 |
| Semi-detached 416 : $1,282,973 |
Semi-Detachec 905: $985,834 |
| Townhouse 416 : $1,008,467 |
Townhouse 905: $909,764 |
| Condo 416: $763,148 |
Condo 905: $657,147 |
|
|
|
|
|
1988
|
$229,635
|
2006
|
$351,941
|
|
1989
|
$273,688
|
2007
|
$376,236
|
|
1990
|
$255,020
|
2008
|
$379,347
|
|
1991
|
$234,313
|
2009
|
$395,460
|
|
1992
|
$214,971
|
2010
|
$431,276
|
|
1993
|
$206,490
|
2011
|
$465,014
|
|
1994
|
$208,921
|
2012
|
$497,130
|
|
1995
|
$203,028
|
2013
|
$522,958
|
|
1996
|
$198,150
|
2014
|
$566,624
|
|
1997
|
$211,307
|
2015
|
$622,120
|
|
1998
|
$216,815
|
2016
|
$729,837
|
|
1999
|
$228,372
|
2017
|
$822,572
|
|
2000
|
$243,255
|
2018
|
$787,865
|
|
2001
|
$251,508
|
2019
|
$819,279
|
|
2002
|
$275,231
|
2020
|
$929,636
|
|
2003
|
$293,067
|
2021
|
$1,095,475
|
|
2004
|
$315,231
|
2022
|
$1,190,749
|
|
2005
|
$335,907
|
2023
|
$1,126,279
|
|
|
