Toronto Real Estate Statistics – Mid Month Report – June 2016 published by the Toronto Real Estate Board
June 17, 2016 – Greater Toronto Area REALTORS® reported 6,041 sales through TREB’s MLS®
System during the first 14 days of June 2016. This result represented a 7.9 per cent increase compared
to 5,598 sales reported for June 2015.
Year-over-year sales growth in the TREB market area was driven by transactions in the regions
surrounding the City of Toronto. Sales in the ‘905’ and ‘705’ area codes were up strongly for all major
market segments. In contrast, low-rise home sales were down in the City of Toronto compared to the
same period in 2015. The annual low-rise sales decline in the ‘416’ area code was not due to a lack of
demand, but rather a lack of listings to satisfy the housing needs of would-be home buyers.
The average selling price for the first two weeks of June 2016 was $758,507, which represented a year-over-year
increase of 16.7 per cent compared to an average price of $649,741 reported for the same time
period in 2015. Double-digit annual rates of average price growth were experienced for all low-rise home
Seller’s market conditions certainly remained in place in June, with an annual increase in sales up against
an annual decline in new listings. As a result, strong competition between home buyers continued to
influence robust rates of price growth.
The full news release from the Toronto Real Estate board is here.
The Weir Team has years of expert experience buying and selling houses and condos all over the Greater Toronto Area, including Pickering, Ajax and Whitby.
Here are just a few of the houses we’ve recently sold: