GTA sales achieve new high

Home sales in the first two weeks of May were up 9.6 per cent year-over-year, according to new figures, which sets sales numbers on a path to setting a new record for the month.

The Toronto Real Estate Board is reporting 5,655 sales in the first 14 days of May 2015, compared to 5,160 sales during the same period in May 2014.

“It is clear that demand for ownership housing remains very strong in the GTA,” said TREB president Paul Etherington.

“So much so that, if the pace of sales experienced in the first half of this month is sustained in the second half, we will see record home sales for the month of May.”

The average selling price for transactions reported during the first 14 days of May was $652,882 for all home types combined, up by 10.7 per cent compared to the first two weeks of May 2014.


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