June 2017 Toronto Real Estate Market Stats
Toronto Real Estate Board stats reveal more moderate price growth and a decline in year over year sales. Sales were down by 37.3 per cent and the number of new listings was up by 15.9 per cent in comparison to June 2016. Annual growth rates for MLS® HPI benchmark prices have moderated over the past two months, but remain strong, with the composite benchmark price up by 25.3 per cent on a year-over-year basis in June. June’s average selling price for all home types combined saw an increase of 6.3 per cent compared to the same month last year. A better supplied market has been a key factor influencing moderation in price growth.
Also published on Medium.
