Mid Month June 2015 Resale Home Sales

Toronto Real Estate Board President Paul Etherington announced that Greater Toronto Area REALTORS® reported 5,661 home sales through TREB’s MLS® System during the first two weeks of June 2015. This result represented a 15.7 per cent increase compared to the same period in 2014.

“We continued to see a record pace of home sales in the first half of June, as home buyers remained upbeat on ownership housing as a quality long-term investment. Growth in home sales was widespread, with year-over-year increases for all major home types, suggesting that households from many different age groups and walks of life are active in today’s market,” said Mr. Etherington.

The average selling price for transactions reported during the first 14 days of June was $650,732 – up 12 per cent in comparison to the first 14 days of June 2014. Strong price growth was noted for low-rise home types and condominium apartments.

“The familiar story of strong demand running up against a constrained supply of homes for sale continued to play out in the first half of June. Modest growth in new listings was not enough to offset the pent-up demand that has built during the first half of 2015. As a result, strong competition between buyers continued to result in strong price growth,” said Jason Mercer, TREB’s Director of Market Analysis. 

Source: TREB

June 1st - 14th 2015 2014
  Sales VYA New Listings Average Price VYA Sales Average Price New Listings
City of Toronto ("416") 2,087 14.7% 3,596 $697,648 8.1% 1819 $645,582 3,474
Rest of GTA ("905") 3,574 16.3% 5,304 $623,336 14.9% 3074 $542,615 5,279
GTA 5,661 15.7% 8,900 $650,732 12.0% 4,893 $580,894 8,753
                 
                 
Detached 2015 Sales VYA   Average Price VYA      
City of Toronto ("416") 716 7.0%   $1,070,472 13.0%      
Rest of GTA ("905") 2159 19.2%   $745,288 15.1%      
GTA 2875 15.9%   $826,273 13.4%      
                 
Semi-Detached 2015 Sales VYA   Average Price VYA      
City of Toronto ("416") 220 5.8%   $744,569 5.8%      
Rest of GTA ("905") 342 1.5%   $487,285 7.9%      
GTA 562 3.1%   $588,001 7.3%      
                 
Townhouse 2015 Sales VYA   Average Price VYA      
City of Toronto ("416") 251 15.7%   $535,312 10.0%      
Rest of GTA ("905") 634 15.9%   $460,785 16.7%      
GTA 885 15.8%   $481,922 14.5%      
                 
Condo Apartment 2015 Sales VYA   Average Price VYA      
City of Toronto ("416") 878 23.5%   $433,968 8.9%      
Rest of GTA ("905") 355 18.7%   $317,756 5.5%      
GTA 1233 22.1%   $400,509 8.3%      

 

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Donald Lum

Donald Lum

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CENTURY 21 Leading Edge Realty Inc., Brokerage*
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