TORONTO, July 7, 2015 – Toronto Real Estate REALTORS® reported 11,992 sales through TREB’s MLS® System in June 2015. This result represented a new record for the month of June and an 18.4 per cent increase over the June 2014 result of 10,132.
Selling prices were up markedly on a year-over-year basis in June, for all major home types.
High-end homes have accounted for a greater share of overall transactions this year
compared to last year. This is the key reason why the average selling price has increased at a greater annual rate than the MLS® HPI Composite Benchmark.
As long as this situation persists, expect home prices to trend strongly upward.
The July 2015 Market Snapshot below shows that the trend continues!