TORONTO, July 4, 2013 – Greater Toronto Area REALTORS® reported 9,061 sales through the TorontoMLS system
in June 2013 – down by less than one per cent compared to June 2012. Over the same period, new listings were
down by a greater rate than sales, suggesting market conditions became tighter.
"The sales picture in the GTA improved markedly in the second quarter of 2013. While the number of transactions
was still down compared to 2012, rates of decline were substantially improved compared to the first quarter," said
Toronto Real Estate Board President Dianne Usher.
"As a growing number of homebuyers, many of whom put their purchase on hold due to stricter lending guidelines,
now reactivate their search, the expectation is for renewed growth in home sales in the second half of 2013," added
Ms. Usher.
The average selling price in June was up by 4.7 per cent year-over-year to $531,374. In line with the 2013 norm,
June price growth was driven by the single-detached and semi-detached market segments, particularly in the City of
Toronto. Over the same time period, average condominium apartment selling prices remained in line with 2012

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Rajan Sharma

Rajan Sharma

Sales Representative
CENTURY 21 People's Choice Realty Inc., Brokerage*
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