June 2018 Toronto Real Estate Market Stats
Kevin Yu
My parents are from Hong Kong. With very little money but many hopes and dreams, they decided to leave their home...
My parents are from Hong Kong. With very little money but many hopes and dreams, they decided to leave their home...
Toronto has had 8,092 sales through June 2018 and that is up from last year's sale of 7,893 (2.45% increase). The average sale price was $807,871. Compared to a year ago ($791,929) prices are up 2%. Compared to May 2018 sales are 3.3% and prices are about the same.
- Prices have not dropped and are about the same as last year at this time.
- Price growth is about 0 compared to May 2018
- The condo market is actually slowing down with the increase in supply
- The freehold market is starting to slowly turn around
The number of sales is a little higher than a year ago and is also higher than May 2018.
New listings are down in June compared to May. We are also down from a year ago. This usually signifies that supply will be an issue coming up and it's a telltale sign that prices will be going up in the next couple of months.
Average prices are about the same from May to June 2018.
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