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TORONTO – Home sales in the Greater Toronto Area rose 2.4% in June from the same month last year and were 17.6% higher than in May , according to the latest data released Thursday by the Toronto Real Estate Board (TREB).
The slight increase from one year to the next followed a sharp drop in sales of 22.2% in May in the Greater Toronto Area compared to May 2017, reflecting what TREB considers As a
Council stated that 8,082 homes changed hands in the Greater Toronto Area in June, with the average selling price rising 2% from one year to the next for Set at $ 807,871
. the way the board reported 3,589 sales at an average price of $ 1,033,574. According to TREB, 2,234 condos were sold during the month for an average of $ 561,097
Council Chair Garry Bhaura said market conditions seemed to be tightening with new listings from the market. Last year. Jason Mercer, Director of TREB's Market Analysis, says the board expects sales to improve over the next year, despite problems with the supply of equipment. registrations.
"This suggests that competition among buyers could increase, exerting upward pressure on house prices," said Bhaura.
"In this regard, one of the most important issues is to ensure that no new municipal land transfer tax is imposed on homebuyers," he said. he says
. In June, 3,096 homes were sold at an average price of $ 870,559 in Toronto, while 4,986 homes were sold in the rest of the Greater Toronto Area at an average price of $ 768,945.
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